Rockwell Management Buys Westchase Office Property

HOUSTON (HFF) – HFF announced this week that it has closed the sale of and secured acquisition financing for the nearly 187,000-sf office building at 9990 Richmond Ave. in the city’s Westchase District.

The firm marketed the property on behalf of the seller, a joint venture between Fuller Realty Partners LLC and Harbert Management Corporation.

Rockwell Management Corporation purchased the property free and clear of debt.

HFF also secured a ten-year, fixed-rate acquisition loan on behalf of the new owner through Natixis Real Estate Capital Inc.

The four-story building sits on 5.6 acres at the northeast corner of Richmond and Briarpark, half a mile from the Sam Houston Tollway.

It is currently 92.2 leased. Tenants include Seismic City, Costello, Norris Conference Centers, U.S. Navy Recruiting, DBR Engineering and Selene Finance.