HFF arranges $3.4M joint venture equity for to-be-built Houston industrial facility

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged $3.4 million in joint venture equity for a to-be-built industrial facility at Satsuma Station Industrial Park (bottom left photo) in Houston, Texas.

HFF associate director Cameron Cureton (top right photo) worked exclusively on behalf of the client, PinPoint Commercial to assemble the joint venture equity with Phoenix Capital Partners, a Dallas-based private equity provider.

PinPoint Commercial is a Houston-based full-service national real estate development firm focused on industrial, medical, retail and land assets nationwide.

Scheduled for completion in the summer of 2009, Satsuma Station will be a 315,120-square-foot, Class A, Silver LEED distribution industrial facility.

The single-story property will also include 40,000 square feet of building office space and approximately five acres of stabilized outside storage.

Situated on nearly 20 acres within the 115-acre Satsuma Industrial Park, the property is close to the intersection of U.S. Highway 290 and Texas State Highway 6 in northwest Houston.

CONTACTS:
Cameron Cureton, HFF Associate Director, 713 852 3500, ccureton@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowel@hfflp.com