Key Investment Highlights
Gray Falls Center is a 40,019 SF office building located in the Katy Freeway West submarket of Houston, Texas (the “Property”). The Property is currently 32% leased by a diverse tenant mix, with no tenant making up more than 2,784 SF (7.2% of the NRA). The Property is a two-story office building with large floor plates, allowing for flexibility when leasing the vacant space. The Property has benefitted from strong recent leasing momentum with five new leases totaling 11,772 SF (14.7% of the NRA) signed in the last twelve months.
Gray Falls Center is located just off Westheimer Road, one of Houston’s main east/west arteries. Anchored by the West Oaks Mall, the area features various national retailers including WalMart, Marshalls, H-E-B and Target that serve as natural amenities for the tenants. The Katy Freeway West office submarket (the “Submarket”) is the second largest submarket in Houston with over 28.3 million square feet. The Submarket is home to some of Houston’s major employers including Worley Parsons, McDermott International and Sysco along with many other engineering firms benefitting from the recent increase in oil prices.
All investors who are interested in engaging Holliday Fenoglio Fowler, L.P. (“HFF”) and CW Capital Markets (“CW”) (collectively “HFF/CW”), a financial intermediary, to assist in arranging financing for the property should contact Brock Cannon at HFF, L.P. via email (firstname.lastname@example.org) or by phone at (212) 632-1808.
Throughout the marketing period HFF will provide investors with real time debt quotes from various capital sources. It is to the investor’s benefit to contact Brock Cannon early in the process in order to discuss all available terms, along with the advantages of engaging HFF/CW on the financing versus completing an all-cash acquisition.
Benefits of Engaging HFF/CW In Arranging Financing Include:
Note: Benefits referenced above will only be made available to investors who engage HFF/CW prior to the auction start date. It is recommended that investors contact HFF early in the process.
HFF’s Debt Placement Services
As a leading mortgage banker in the U.S., HFF’s extraordinary transaction volume provides the unparalleled capital markets knowledge necessary to develop the most creative financing strategies to meet and exceed client expectations. Our established relationships with insurance companies, investment banks, foreign and domestic banks, a Fannie Mae lender, Freddie Mac and pension funds have allowed us to provide our clients with the most competitive terms and most reliable executions in the debt and equity market.
Loan Types HFF Assists With Include:
HFF’s 2017 Commercial / Multifamily Annual Origination Rankings per the MBA:
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
2470 Gray Falls Drive, Houston, TX 77077
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.
Lamar P. Fisher
Fisher Auction Company Inc.