HOUSTON--HFF will market Five Post Oak Park, a 567,264-square-foot, class A office tower in Houston's Galleria submarket, for sale. HFF is marketing the asset on behalf of the seller, Shorenstein Properties LLC. The property is listed without a formal asking price.

Five Post Oak Park is situated on 3.6 acres at 4400 Post Oak Parkway, just to the east of Loop 610 between Houston's Galleria and River Oaks areas. The property is a short distance from Uptown Park, The River Oaks District, Highland Village and BLVD Place, and is seven miles from downtown Houston. The 28-story asset also includes a 1,673-space parking garage. Tenants at the 97.8 percent leased tower include Amegy Bank, Willbros U.S., UBS Financial and Midstates. 

Senior managing directors Jeff Hollinden and Robert Williamson will lead the HFF investment sales team representing the seller. 

“Five Post Oak Park is an ideal investment for both 'value-add' and 'lease-to-core' investors as there is significant upside potential through re-leasing 30 percent of the building when Amegy Bank's below market lease expires,” says Hollinden. “Shorenstein did a remarkable job executing their capital improvement plan to the property during the course of ownership, which has solidified the building's position at the top of the Galleria evidenced by its occupancy at 98.1 percent. Today, Five Post Oak Park is a prestigious office project located in the Galleria submarket of Houston, which has one of the best office markets and strongest regional economies in the country.”

Reps with HFF were unable to offer additional details by press time.