433K-SF 20 Greenway Plaza Trades to California Buyer

Principal Real Estate Investors ended its hold on 20 Greenway Plaza, a 433,132-square-foot, Class A office building in Houston’s Greenway submarket. The Midwest seller disposed of the asset to buyer Stockdale Capital Partners of California.

HFF represented the seller, sourced the buyer and provided acquisition financing for the property. Dan Miller and Trent Agnew led the team on behalf of Principal Real Estate. Wally Reid led HFF’s debt placement team.

20 Greenway Plaza is part of the master-planned, mixed-use Greenway Plaza, which includes office space, a hotel and sports arena, fitness club, apartments and retail. The 10-floor project was most recently renovated in 2014 and is 95% leased to a diverse tenant roster, including Merrill Lynch, Sunnova Energy Corp, REALEC Technologies, Mitsubishi and Koch.

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