HOUSTON, TX – HFF announced today that it has closed the sale of 15915 Katy Freeway, a 105,619-square-foot, Class B office building in Houston, Texas.
HFF marketed the property on behalf of the seller, Downtown Properties. Dornin Investment Group purchased the building for an undisclosed amount free and clear of debt.
15915 Katy Freeway is located on Interstate 10 across from Park 10 Business Park, a 550-acre master planned mixed-use business park, in Houston’s Energy Corridor. The building is 88.7 percent leased to a diverse mix of tenants in industries such as engineering, technology, real estate, energy and healthcare.
The HFF team representing the seller was led by senior managing director Dan Miller and director Marty Hogan.
Downtown Properties is a multi-faceted real estate investment, management and development company. For more than 20 years, Downtown Properties has developed a portfolio of commercial, residential, land, hotel and resort properties that span from Los Angeles, San Francisco, New York and Hawaii.
Dornin Investment Group (“DIG”) is a real estate investment and asset management firm that invests in commercial and residential real estate in partnership with a broad base of institutional and private investors. The firm specializes in distressed, opportunistic and value-add real estate investments in all major property types with a focus on multifamily, office and industrial properties and notes. The company offers a full-service investment platform providing property management, leasing, construction management and finance through its wholly owned affiliate, Dornin Realty Advisors (“DRA”). For more information, visit www.dorningroup.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.