 |
| Rusty Tamlyn |
The Class A property was owned by a
partnership between Transwestern Development Co. and AEW Capital Management
L.P., acting on behalf of an institutional investor. An undisclosed buyer
acquired the 339,900-square-foot property for an undisclosed amount.
“With the current strength
of the Houston industrial market and the recent leasing momentum at Mason Creek
Business Center, this was an ideal time to execute our disposition strategy,”
said Pete Johnston, senior vice
president at Transwestern Development Co. “The leasing team has done a
tremendous job of marketing the property to attract high-quality tenants and
make this asset a compelling opportunity for investors.”
Transwestern’s Darryl Noon and Jude Filippone have been retained by the new ownership to continue
providing leasing services. Mason Creek Business Center is currently leased to
a variety of tenants including Williams-Sonoma and Memorial Hermann.
Located in the West
Houston Industrial submarket, Mason Creek Business Center is on the northeast
corner of Interstate 10 and Mason Road, approximately a mile east of the Grand
Parkway.
 |
| Trent Agnew |
The ownership entity was
represented by Rusty Tamlyn and Trent Agnew of Holliday Fenoglio Fowler
L.P.
“Mason Creek Business
Center received significant interest from investors due to the high occupancy
of the overall Houston industrial market and the property’s location, quality,
age and tenancy,” said Tamlyn.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Director, Public Relations
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
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