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August 21, 2018
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Mexico-Based Private Equity Fund Buys Houston Office Building

8/09/18

The Aztec Fund Inc, a Mexico-based private equity fund, acquired Westway Plaza, a 313.4k sf, Class AA office building at 11330 Clay Rd in Houston. The fully occupied building is anchored by General Electric Co.

Situated on 9.85 acres, Westway Plaza provides immediate access to the Sam Houston Tollway and convenience to Interstate 10 and Highway 290. The West Belt Corridor is one of the fastest-growing submarkets in Houston, having added more than 5.2 msf of space since 2000. The area’s highly qualified labor pool was a significant factor in attracting top tenants to the property, including GE, Superior Energy Services and TESCO Corp, and will continue to serve the property well as regional accessibility continues to improve with the expansion of the Grand Pkwy.

The five-story building was completed in 2015 and provides efficient floorplates averaging over 65.8k sf. The double-height lobby creates a sophisticated, modern environment that complements the floor-to-ceiling glass windows and 9-foot-6-inch ceiling height. Tenants benefit from the property’s on-site amenities, including a full-service deli and state-of-the-art fitness facility with locker rooms, as well as substantial energy savings through LEED® Gold certification.

TDC was represented by Jeff Hollinden and analyst Dane Petersen with HFF. The price was not immediately given out.




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