HFF announces that it has closed the sale and financing of Ashford on the Bayou, a 126,811-square-foot office building in Houston, Texas.

HFF marketed the property on behalf of the seller, RPD Catalyst, LLC, and procured the buyer, Hartman Income REIT. Additionally, HFF worked on behalf of the new owner to secure the five-year, fixed-rate acquisition loan with RGA Reinsurance Company.

Ashford on the Bayou is strategically located between two of Houston’s prestigious submarkets, the Energy Corridor and Westchase, which are home to some of the most influential and important energy-related companies in the world, including Conoco, Shell Oil, BP America, Citgo, and more. The five-story property is situated on a heavily-wooded 2.5-acre site at 1001 S Dairy Ashford just south of Memorial Drive and Interstate 10 along Houston’s Buffalo Bayou. Currently 55 percent leased, the newly renovated asset offers 26,000-square-foot average floorplates and an attached seven-story, 467-space parking structure.

The HFF investment advisory team representing the seller included senior managing director H. Dan Miller and analyst Johnny Kight. HFF’s debt placement team included senior managing director Susan Hill and managing director Steve Heldenfels.

Holliday GP Corp. is a Texas licensed real estate broker.

About RPD Catalyst, LLC

Headquartered in Los Angeles, RPD Catalyst, LLC has owned or acquired more than 7.63 million square feet of residential, retail, office and industrial properties in 15 states and 31 U.S. markets. To learn more, please visit: www.rpdcatalyst.com.

About Harman Income REIT

Hartman Income REIT is one of Dallas and Houston’s premier property management companies. Hartman has owned and operated commercial office properties since 1983 in Dallas, Houston and San Antonio. For more information, please visit: www.hi-reit.com.

About HFF

HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.