RPD Catalyst Sells Ashford on the Bayou

RPD Catalyst LLC sold Ashford on the Bayou, a 126,811-square-foot office building in Houston’s Buffalo Bayou district. Hartman Income REIT bought the asset at 1001 S. Dairy Ashford Rd.

H. Dan Miller and Johnny Kight with HFF represented the seller, which owned the property since 2005. HFF’s debt placement team, led by Susan Hill and Steve Heldenfels, secured a five-year, fixed-rate acquisition loan with RGA Reinsurance Co. on behalf of the buyer.

Ashford on the Bayou is 55% leased, and situated between the Energy Corridor and Westchase submarkets. The five-story building is on 2.5 acres.

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