HOUSTON--HFF has closed the sale of and arranged acquisition financing for 3000 Post Oak, a 441,523-square-foot, class A office building in Houston's Galleria submarket.

HFF marketed the property exclusively on behalf of the seller, a joint venture between an affiliate of Five Mile Capital Partners LLC and Crocker Partners. FG Asset Management purchased 3000 Post Oak for an undisclosed amount. Additionally, HFF's debt placement team worked on behalf of the buyer to secure acquisition financing.

Situated within the Lakes on Post Oak office complex adjacent to the Galleria Mall and Loop 610, the 19-story property and attached parking garage are 100-percent leased to engineering and construction firm Bechtel.

Senior managing directors Jeff Hollinden and Dan Miller and director Trent Agnew led the HFF investment sales team representing the seller. Senior managing director Wally Reid led HFF's debt placement team.

“This is FG Asset Management's first acquisition in Houston and is a great example of the strong interest that Korean investors and other foreign firms are showing in the Houston office market,” says Hollinden. “Well-located class A assets with quality tenancy and lease terms such as 3000 Post Oak are very much in demand by offshore capital.”

Reps with HFF were unable to offer additional details by press time.