HOUSTON--HFF has announced it has closed the sale of Sam Houston Crossing I, a class A office building totaling 159,175 square feet in northwest Houston. 

HFF marketed the property on behalf of the sellers, Duke Realty Corp. and Chambers Street Properties. SH Crossing I LP, a joint venture between Fuller Realty Partners LLC and Independencia, acquired the property.

Sam Houston Crossing I is located in Houston's West Belt Corridor off of the Sam Houston Parkway (Beltway 8) between the Northwest Freeway (U.S. 290) and Highway 249 at 10343 Sam Houston Park Drive. The three-story building was completed in 2007 with a typical floor plate offering 53,000 square feet of rentable space. The building is 100 percent leased to six tenants, including U.S. Steel, Farmers Insurance Exchange, C.H. Robinson Project Logistic, Brock Enterprises Inc., Axon EP Inc. and AMEC Oil & Gas Inc.

The HFF investment sales team representing the seller included senior managing director H. Dan Miller, director Martin Hogan and real estate analyst John Rogers.

“Sam Houston Crossing I offers investors a stable current yield while providing significant upside potential,” Hogan says.  “The building accommodates higher density tenants looking for a high profile location with Beltway 8 frontage, efficient, rectangular floor plates and a 5/1,000 parking ratio.”