HOUSTON—HFF has closed the sale of 400 North Belt, a 230,872-square-foot, class A office project in Houston's Greenspoint office submarket in North Houston.
HFF marketed the property on behalf of the seller. Hartman 400 North Belt, a subsidiary of Hartman Short Term Income Properties XX Inc., purchased the asset for an undisclosed amount free and clear of debt.
Located at the southeast corner of the Sam Houston Parkway/Beltway 8 at Imperial Valley Drive equidistant between the CBD and the Woodlands, the property is close to George Bush Intercontinental Airport as well as Interstate 45, The Hardy Toll Road and Interstate 69.
Originally built in 1982, the 12-story asset has undergone more than $2 million in capital upgrades during the last 10 years. Building amenities include a deli, bank facility with drive-through motor bank, and a fitness center is planning to open in 2015; the asset is 64 percent leased.
Senior managing director Dan Miller and director Trent Agnew led the HFF investment sales team representing the seller. Dave Wheeler, Julian Kwok and Russell Turman represented the buyer.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
