HFF announces sale of fully leased Class A industrial warehouse in Houston MSA
HOUSTON, TX – January 22, 2018 – HFF announces the sale of Stafford Commerce Center, a 68,300-square-foot, fully leased, Class A industrial distribution warehouse in the Houston suburb of Stafford, Texas.
The HFF team represented the seller, Black Flag Properties. A subsidiary of STAG Industrial, Inc. purchased the property for an undisclosed price.
Stafford Commerce Center is 100 percent leased to Quest Design and Fabrication. The facility was constructed in 2016 and features 24-foot clear heights, a 130-foot truck court, 8,548 square feet of office space and 14 dock-high loading doors. Situated on 4.869 acres at 13720 Stafford Road, the facility is in the heart of Houston’s Southwest industrial submarket in Stafford, a suburb approximately 20 miles southwest of downtown Houston. Stafford Commerce Center is proximate to Interstate 69, Beltway 8 and Highway 90, which provide access to the area’s growing residential population.
HFF’s investment advisory team included senior director Trent Agnew and senior managing director Rusty Tamlyn along with analyst Charlie Strauss.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.
About Black Flag Properties
Black Flag Properties is a privately held real estate development company located in Houston, Texas. The company’s primary focus is the acquisition of strategic land sites, whereby its investors can benefit from the value add of both horizontal and vertical development opportunities. Black Flag has a proven track record in acquisitions, development, entitlements, construction, leasing and sales. For more information, visit blackflagproperties.com.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a real estate investment trust (REIT) focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. For additional information, please visit the company’s website at stagindustrial.com.
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.