HOUSTON--HFF has closed the sale of two Houston-area properties: 8 West Centre, a newly-completed, Class A office building along the West Sam Houston Tollway, and 5151 Sommermeyer, a 57,550-square-foot warehouse and distribution center in Prologis Park West by Northwest.

HFF marketed 8 West on behalf of the seller, Core Real Estate. Azrieli Group, a real estate investment and development company based in Tel Aviv, Israel, purchased the asset for an undisclosed amount free and clear of debt. HFF assisted Azrieli in securing a five-year, fixed-rate acquisition loan through Aegon USA Realty Advisors LLC, a commercial real estate investment and management arm of Aegon Asset Management.

Completed last year, 8 West is a 227,045-square-foot, four-story property with a 938-space parking garage. The LEED Silver designated building is fully leased to two tenants: Cameron International Corp., which uses the facility as their divisional headquarters for their surface systems division, and Helix Energy Solutions, who has their global headquarters at the site. Situated on nine acres on the west side of Beltway 8, the property is located at 3505 West Sam Houston Parkway North, just north of Kempwood Drive in the West Belt Corridor of Houston.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.