Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of 501 Technology Drive, a 98,314-square-foot, Class A office building in the Southpointe Office and Industrial Park, located approximately 20 miles south of downtown Pittsburgh.

The HFF team marketed the asset on behalf of the seller, 501 Technology Partners, LLC, an affiliate of Laurus Corp., and procured the buyer, The Aztec Fund, Inc.

501 Technology Drive is situated on 8.5 acres within the Southpointe Office and Industrial Park, one of the premier business parks within the Pittsburgh MSA and the only mixed-use development of its type in southwestern Pennsylvania. The park is located just off Interstate 79 southwest of Pittsburgh’s central business district and 15 miles south of Pittsburgh International Airport. Completed in 2000, the three-story property is fully leased to a high quality tenant mix, including Primetals Technologies and Siemens.

According to HFF senior managing director Mark Popovich, who led the marketing effort, this acquisition marks Aztec’s initial entry into the Pittsburgh market and it also reflects Pittsburgh’s appeal to global capital investors.

The HFF investment advisory team representing the seller included senior managing director Mark Popovich and associate Nick Unkovic.

About Laurus Corporation
Laurus Corp. is a real estate investment and development company that specializes in hotels and resorts, office buildings, multifamily and mixed-use properties. With more than $1.2 billion in assets under management, Laurus employs an entrepreneurial investment strategy designed to consistently achieve attractive risk-adjusted returns by creating capital appreciation opportunities through repositioning, restructuring, re-development and intensive post acquisition asset management. The company was founded in 1999 by Andres and Jean Paul Szita.

About The Aztec Fund

The Aztec Fund is a private Mexican equity fund that invests in commercial and industrial properties in the United States. The company focuses on properties that generate long term, consistent net operating income that is secured by quality tenants in a country with a stable market and legislation. This results in low-risk investments providing very attractive returns on investment.

Its business strategy is based on its founders' experience to find the best opportunities in emerging cities with great potential for commercial and industrial development in the US market, combined with privileged financing rates and low administrative overhead.

About HFF

HFF and its affiliates operate out of 25 offices and are 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 advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.