HFF closes sale of 5-building Class A industrial project in Houston
HOUSTON, TX – July 20, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Bammel Business Park, a five-building, Class A industrial project totaling 246,450 square feet in in northwest Houston, Texas.
HFF represented the seller, FR/Cal Bammel. Exeter Property Group purchased the property for an undisclosed price.
Bammel Business Park is situated on 14.1 acres at 4710-4822 North Sam Houston Parkway West (Beltway 8) in the Northwest Industrial submarket, Houston’s premier industrial submarket. The property has immediate access from Beltway 8 in addition to visibility from more than 150,000 vehicles per day and proximity to Bush Intercontinental Airport. Completed in 2008, Bammel Business Park features 24-foot clear heights, dock-high loading doors, 200-foot shared truck court depths and 12.6 percent office finish. The one-story buildings are leased to a diverse tenant mix, including Gruma Corporation, Stylenquaza and Motion Industries.
HFF’s investment sales team was led by senior managing director Rusty Tamlyn and senior director Trent Agnew.
“This offering generated substantial interest due to the value-add nature, deal size, newer product in northwest Houston and very little product on the market for sale,” Tamlyn said.
About Exeter Property Group
Exeter Property Group is a real estate investment manager focused on industrial properties and portfolios across North America and Europe. As hands-on operators, Exeter’s experienced team of real estate experts acquires, develops and manages big box warehouse, multi-tenant logistics and select suburban and urban office and multi-family properties out of multiple regional offices. It’s combination of local execution and national scope allows Exeter to construct diversified, high-performing portfolios to deliver superior real estate solutions to our tenants and to deliver superior risk-adjusted returns to its investors. Visit exeterpg.com for more information.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 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 sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.