"This is an exceptional opportunity to acquire an architecturally striking, award-winning, well-tenanted property," says HFF's Jaime Fink.
Fink along with Jeff Bramson, both managing directors for HFF, will market the building for sale.
An asking price has not been named. The building also comes free and clear of debt. Hines has owned the property through the Hines U.S. Office Value Added Fund since 2005.
The 13-story One Northwest Plaza is 87% leased with a tenant roster that includes Watson Wyatt Worldwide, Massachusetts Mutual Life Insurance, John Hancock Life Insurance, Principal Life Insurance, Denenberg Tuffley and Consolidated Financial.
"The building's diverse tenant base includes financial services, media, legal and other professional service firms. The property's rent roll is well-positioned with mid-to-long-term lease expirations, which provide income stability coupled with long-term growth potential," Fink says.
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