Wednesday, May 25, 2016

HFF closes sale of six-building business center in northwest Houston, TX

Pine Forest business Center, Northwest Houston, TX

Rusty Tamlyn
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Pine Forest Business Center, a 259,705-square-foot property consisting of six, fully-leased, light industrial buildings in northwest Houston.

HFF marketed the property on behalf of the seller, Cabot Properties.  Stonelake Capital Partners, LLC purchased the property for an undisclosed price. 

Pine Forest Business Center is part of Pine Forest Business Park, which was redeveloped from the former Pine Forest Country Club and is a master-planned, deed-restricted business park comprising 32 buildings.

  Pine Forest Business Center is home to a variety of tenants in the construction, distribution, manufacturing, healthcare and wholesale industries, including DXP Enterprises, Superior Plus, CTC Contractors, Power Supply Components, Highland Distributing, Recovercare and CCLD Technologies.

  Located at 3404-3414, 3420-3432, 3434-3448, 3454-3468, 3474 and 3502-3556 Yale Street in Houston’s Heights neighborhood, Pine Forest Business Center is part of the Northwest Industrial submarket, the largest submarket in Houston. 

HFF’s investment sales team was led by senior managing director Rusty Tamlyn and director Trent Agnew.

”The property’s infill location just north of the 610 Loop near the Heights attracted a number of prospective buyers during the marketing process,” Agnew said.  “The property has had a track record of stable occupancy and increasing rents while also offering an opportunity for redevelopment in the future as a result of the development activity ongoing in the immediate vicinity.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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