6 Clear Lake Buildings sell at once!

Six office buildings in the Clear Lake area are under new ownership after an abbreviated marketing campaign.
John Cole of Twenty Twenty Properties Inc. recently acquired the 226,000-square-foot office portfolio from KBS Realty Advisors for an undisclosed amount.
“The marketing campaign had just begun when a very compelling preemptive offer was received and the ownership decided to take it,” said Dan Miller of Holliday Fenoglio Fowler LP, who along with colleague Marty Hogan represented KBS in the transaction.
The properties include the four-building Armand Plaza at 16441 Space Center Blvd., which is 100 percent leased; Camino Center I at 17629 El Camino Real, which is 92 percent leased; and Camino Center II at 17625 El Camino Real, which is nearly 75 percent leased.
Susan Hill of Holliday Fenoglio Fowler arranged acquisition financing through Viewpoint Bank for Twenty Twenty Properties, which owns, manages and leases 20 office buildings in the Houston area. For more information see : www.houstonrealtyadvisors.com or www.houstonrealtyadvisors.net