HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of Bammel Business Park 6 & 7, (bottom right photo) industrial/flex buildings totaling 110,400 square feet in northwest Houston, Texas. HFF senior managing director Rusty Tamlyn (middle left photo) and associate director Mike Parker (top right photo) led the investment sales team exclusively on behalf of the seller.
The properties were purchased free and clear of debt for an undisclosed amount. The seller will continue to manage and lease the properties post-closing.
Tamlyn and Parker are also marketing the remaining five properties in Bammel Business Park (buildings 1 through 5) for the seller, which is leasing and managing these properties. Completed in 2008, Bammel Business Park 6 & 7 have 55,200 square feet of industrial/flex space each. The properties are located at 4702 and 4802 North Sam Houston Tollway within the Bammel Business Park in northwest Houston.
“Despite ongoing problems in the global capital markets, the Houston industrial property market fundamentals remain strong supported by a booming energy sector, sustained job growth and the expansion of our port,” said Parker.
“Situated with direct frontage along the Sam Houston Parkway, Bammel Business Park is one of the few remaining sites tagged for industrial use between Interstate 45 and Int
erstate 10.”
erstate 10.”CONTACTS:
James R. Tamlyn, HFF Senior Managing Director, 713 852 3500, rtamplyn@hfflp.com
Michael L. Parker, HFF Associate Director, 713 852 3500, mparker@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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