KAMCO acquires HP Plaza class-AA office campus in Houston, Texas
KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, announced that it has purchased HP Plaza in CityPlace at Springwoods Village in partnership with Northridge Capital, a Washington D.C. based real estate asset management firm. The acquisition will generate a net cash yield of 7.50% per annum across the target holding period. The state-of-the-art, Class-AA office campus is located in a newly-developed urban center in north Houston, Texas which is also home to ExxonMobil’s 385-acre corporate campus.