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HFF Arranges Sale of Two Properties

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.

By Anna Caplan | Updated on September 18, 2014

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.

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