10/1/2008

KBS Realty sells six-building office portfolio in Houston

by
Twenty Twenty Properties has purchased a six-building office portfolio in Houston, Texas for an undisclosed price from Newport Beach, Calif.-based KBS Realty Advisors.

Dan Miller and Marty Hogan of Holliday Fenoglio Fowler brokered the deal on behalf of KBS while the firm's Susan Hill arranged financing for the acquisition through Viewpoint Bank.

The portfolio contains the following;
- Armand Plaza at 16441 Space Center Blvd., Houston, Texas. The four-building collection contains 64,000 square feet and is currently 100 percent leased.
- Camino Center I at 17629 El Camino Real, Houston, Texas. The 81,108-square-foot building is 92.1 percent leased.
- Camino Center II at 17625 El Camino Real, Houston, Texas. The building contains 80,751 square feet and is currently 74.7 percent occupied.

Size: 225,859 square feet

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Filed Under: Office

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