Company Website: http://www.hfflp.com
HOUSTON -- (Business Wire)

HFF announced today that it has closed the sale of 2500 CityWest, a 25-story, 578,284-square-foot, Class A office tower in Houston’s Westchase District submarket.

HFF marketed the property on behalf of Thomas Properties Group, Inc. and its affiliate TPG/CalSTRS, LLC. Crimson Real Estate Fund, LP purchased 2500 CityWest for an undisclosed amount.

The property is located on 8.1 acres at 2500 CityWest Boulevard close to the Westpark Tollway and Interstate 10 in west Houston. Also included in the sale were two parcels of adjacent land totaling 6.3 acres. Originally built in 1982, the property has undergone extensive capital improvements and is 94 percent leased to tenants including Cal Dive Marine, Aspen Technology, TGS-Nopec Geophysical and Maersk Inc. Parking is available on site for more than 2,100 vehicles.

The HFF investment sales team representing Thomas Properties Group, Inc. was led by senior managing directors Jeff Hollinden and Robert Williamson.

Thomas Properties Group, Inc., based in Los Angeles, is a full-service real estate company that owns, acquires, develops and manages primarily office, as well as mixed-use and residential properties on a nationwide basis. The company's primary areas of focus are the acquisition and ownership of premier properties, both on a consolidated basis and through its strategic joint ventures, property development and redevelopment, and property management and leasing activities. For more information about Thomas Properties Group, Inc., please visit www.tpgre.com.

Crimson Real Estate Fund (CREF), a real estate opportunity fund, is managed by Crimson Real Estate Advisors, L.P., based in Houston. USAA Real Estate Company is the largest investor in CREF. CREF serves as the sponsor and operating partner of the fund. CREF acquires and repositions real estate opportunities in key growth markets across the United States.

Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE:HF). HFF operates out of 19 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. www.hfflp.com.

Contacts:

HFF
JEFF HOLLINDEN, 713-852-3500
Senior Managing Director
jhollinden@hfflp.com
ROBERT WILLIAMSON, 713-852-3500
Senior Managing Director
rwilliamson@hfflp.com
KRISTEN MURPHY, 713-852-3500
Associate Director, Marketing
krmurphy@hfflp.com

Source: HFF, Inc.