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

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HFF marketed the property exclusively on behalf of theseller, a joint venture between an affiliate of FiveMile Capital Partners LLC and CrockerPartners. FG Asset Managementpurchased 3000 Post Oak for an undisclosedamount. Additionally, HFF's debt placement team worked onbehalf of the buyer to secure acquisition financing.

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Situated within the Lakes on Post Oak officecomplex adjacent to the Galleria Mall and Loop 610, the 19-storyproperty and attached parking garage are 100-percent leased toengineering and construction firm Bechtel.

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Senior managing directors Jeff Hollinden andDan Miller and director TrentAgnew led the HFF investment sales team representing theseller. Senior managing director Wally Reid ledHFF's debt placement team.

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

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Reps with HFF were unable to offer additional details by presstime.

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