HFF Closes Sale of DOW Administration Building in Lake Jackson, Texas

2/22/17

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of the DOW Administration Building, a recently-completed, suburban Class A office building in Lake Jackson, Texas.

HFF marketed the property on behalf of the seller, CORE Real Estate. LLC, and procured the buyer, Cole Corporate Income Trust II, Inc. (CCIT II).

Completed in 2015, the property consists of a four-story, LEED® Gold certified office building with 230,000 square feet fully leased to The Dow Chemical Company. The building is situated on a 13.4-acre site at 322 State Highway 322 just north of Abner Jackson Parkway approximately 42 miles south of Houston.

The HFF investment sales team representing the seller was led by senior managing directors Danny Miller and Mark West and director Martin Hogan.

About CORE

CORE Real Estate, LLC, a private Houston-based real estate firm founded by Ric Pipkin and Mike Wyatt, develops and invests in institutional-grade office and industrial projects as principals. Since inception CORE has completed approximately 5,000,000 square feet of commercial buildings along with land holdings valued at $800-million.

About HFF

Holliday Fenoglio Fowler, L.P., HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.comor follow HFF on Twitter @HFF.

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

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