20 Greenway Building Purchased, Market briefs

20 Greenway Plaza in Houston has been purchased by a California group.

In Houston, Los Angeles-based In Stockdale Capital Partners purchased 20 Greenway Plaza, a 433,132, SF Class A “creative” office building located in Houston’s Inner Loop.

HFF represented the seller, Principal Real Estate Investors, and procured the buyer. Additionally, HFF placed the seven-year, fixed-rate purchase loan with Cigna Realty Investors. The HFF investment advisory team representing the seller was led by senior managing director Dan Miller and managing director Trent Agnew.

HFF’s debt placement team was led by senior managing director Wally Reid.

The 10-story building was most recently renovated in 2014 and is 95% leased with tenants including Merrill Lynch, Sunnova Energy Corp, REALEC Technologies, Mitsubishi and Koch.