Sale of Class A Trophy Office Tower in West Houston Closed by HFF

HOUSTON--(BUSINESS WIRE)--The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of One BriarLake Plaza, a trophy Class A office tower in west Houston.

HFF senior managing directors Jeff Hollinden, Robert Williamson and Glenn Whitmore, associate director Barbara Guffey and executive managing director Scott Galloway led the investment sales team on behalf of the seller, Crescent One BriarLake Plaza, L.P. Behringer Harvard purchased the property for an undisclosed amount.

Completed in 2000, One BriarLake Plaza is a 502,410-square-foot, 20-story tower with an attached 2,068-space structured parking garage. The 94% leased property is located on a 9.4-acre site along the West Sam Houston Parkway in Houston’s Westchase submarket.

Crescent Real Estate Equities Limited Partnership is headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 38 premier office buildings totaling 18 million square feet located in select markets across the U.S. with major concentrations in Dallas, Houston, Denver, Miami and Las Vegas. Crescent also holds investments in resort residential developments in locations such as Scottsdale, Arizona, Vail Valley, Colorado, and Lake Tahoe, California and in the wellness lifestyle leader, Canyon Ranch®. For more information, visit Crescent's web site at www.crescent.com.

Behringer Harvard is a Dallas-based commercial real estate company investing in assets domestically and internationally. The company creates and manages strategic real estate fund opportunities across a wide spectrum of investment styles for retail investors, as well as domestic and international institutions, through its real estate investment trusts, partnerships, joint ventures and proprietary program structures. For more information, visit behringerharvard.com.

HFF (NYSE:HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. www.hfflp.com.