Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of 12603 Southwest Freeway, a six-story, 143,211-square-foot office property in Stafford, Texas.

HFF marketed the property on behalf of the seller, Griffin Partners. The buyer, Stone Mountain Properties, was represented by LandPark Advisors. The asset was sold free and clear of debt.

12603 Southwest Freeway is located at the southwest corner of Interstate 69 and Kirkwood Road in southwest Houston, with visibility from more than 224,000 cars per day. The 5.04-acre site is directly across from the former Texas Instruments campus that is being redeveloped into a four-phased mixed-use project with more than 2,400 multi-housing units, 18 plus retailers and restaurants, a 350,000-square-foot distribution center and hotels and entertainment venues. Currently 86.4 percent leased, 12603 Southwest Freeway has a diversified rent roll consisting of education, healthcare, manufacturing and construction, insurance, technology and finance companies. Since purchasing the property, Griffin Partners has completed major renovations to the lobby, garage, common areas, landscaping, restrooms, and replaced the roof.

The HFF investment sales team representing the seller was led by senior managing director Dan Miller and director Martin Hogan.

About Griffin Partners

Griffin Partners, Inc. is an owner and operator of commercial real estate properties throughout Arizona, Colorado, North Carolina, and Texas with a current portfolio of 4.5 million square feet valued at over $750 million. Griffin Partners has recently purchased 5 commercial properties in Phoenix, Denver, and Raleigh, totaling over 800,000 square feet. The sale of 12603 SWF represents the second successful realization of the eleven investments made by Griffin Partners Office Fund II, which concluded its investment period in December 2015.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 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, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.