Mexican Investment Fund Buys Iconic Transwestern Office Building
Westway Plaza has been sold. Photo credit: Jud Haggard.
HOUSTON – The Aztec Fund, Inc., a private Mexican equity fund, has acquired Westway Plaza, a recently completed office building totaling 313,420 square feet.
HFF marketed the West Houston asset on behalf of Transwestern Development Company.
Westway Plaza sits on 9.85 acres at 11330 Clay Road, at the intersection with the Sam Houston Tollway in Houston’s West Belt Corridor.
Completed in 2015, the LEED Gold–certified building is fully leased to three tenants: General Electric Corporation, Superior Energy Services, and TESCO Corporation.
The HFF investment advisory team representing the seller included Senior Managing Director Jeff Hollinden and Analyst Dane Petersen.
This marks The Aztec Fund’s first acquisition in the Houston market, adding to its existing holdings in Dallas, Denver, and Pittsburgh. Charles Haddad, Aztec’s President and CEO, said, “We are very excited about entering the Houston market. This will definitely not be our only purchase in this amazing city.”
