11/5/2007

HFF sells Houston's 2000 West Loop

by
Shorenstein Properties has purchased Houston's 2000 West Loop South for an undisclosed amount from Means Knaus Partners and U.S. Advisors, a group of tenant-in-common investors.

While the most recent price was undisclosed, 2000 West Loop was sold in 2005 for $50 million.

Holliday Fenoglio Fowler's Houston office represented the TIC investor group.

Built in 1970 on four acres, the 21-story building contains 356,750 square feet. It has undergone renovations in 1992 and 2002. The property is currently 98 percent leased and includes a five-story parking garage. The building's primary tenants, United Healthcare, Live Nation and AM/FM Operating/Clear Channel Communications, occupy 70 percent of the building.

Address: 2000 West Loop South, Houston, Texas

Size: 356,750 square feet

Built: 1970

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Filed Under: Multi-Family

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