 |
| Rusty Tamlyn |
HOUSTON, TX – HFF
announced today that it has closed the sale of a three-building industrial
portfolio totaling 243,100 square feet in Houston, Texas.
HFF marketed the
portfolio on behalf of the seller, EastGroup Properties. Cabot Properties Incorporated purchased the
assets for an undisclosed amount free and clear of existing debt.
The 100-percent-leased
portfolio consists of Clay-Campbell I and II in northwest Houston and Kirby
Business Center in south Houston.
Clay-Campbell I and II
are located at 4300-4320 and 4444-4456 Campbell Road. The buildings are situated in Houston’s premier submarket and
offer tremendous access to both the Northwest Freeway (Highway 290) as well as
Beltway 8.
Completed in 1982, both
buildings have 58,846 square feet and are equipped with cross-dock, dock-high
loading bays with a building depth of 220’.
Kirby Business Center is
located at 9350-9370 South Point Drive, which is just south of both NRG Stadium
and the Texas Medical Center. Loop 610
is less than one mile from the property, allowing easy access to all major
freeways. The 125,408-square-foot
building was completed in 1980 and is equipped with dock-high, front-load bays
with an approximately building depth of 204’.
 |
| Trent Agnew |
The HFF investment sales
team was led by senior managing director Rusty Tamlyn, director Trent Agnew and real estate analyst John Rogers.
”Because of their
tremendous functionality, these assets have enjoyed a strong historical
performance under EastGroup’s ownership and generated significant interest from
both institutional and private capital investors,” Agnew said.
“Like EastGroup,
Cabot continues to be bullish on Houston’s long-term prospects and these assets
are a great compliment to their current holdings and give them exposure to the
market within their latest fund.”
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
No comments:
Post a Comment