HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of a 30,000-square-foot FAMSA retail property (photo top left) along Interstate 45 in Houston, Texas.The HFF investment sales team was led by senior managing director Rusty Tamlyn and associate director Mike Parker who marketed the property on behalf of the developer and seller, Read-King Commercial Real Estate. An unnamed private equity firm with a 1031 exchange requirement purchased the property for an undisclosed amount free and clear of debt.
The property is situated on a 2.39-acre site at 7460 Interstate 45 North approximately eight miles north of downtown Houston. Completed in 2006, the property is fully occupied by FAMSA, a Mexico-based household goods retailer that is under a 15-year lease.
Read-King Commercial Real Estate was formed in 1991 and since that time has become one of the premier real estate developers in the Houston market, specializing in tenant representation, disposition, development and leasing.
CONTACTS:
Laurie Fish McDowell
Associate Director HFF
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990
fax 617.338.2150
http://www.hfflp.com/
lmcdowell@hfflp.com
Rusty Tamlyn, CCIM, SIOR
HFF Senior Managing Director
713 852 3500
rtamlyn@hfflp.com
Michael L. Parker
HFF Associate Director
713 852 3500
mparker@hfflp.com
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