Thursday, August 18, 2011

HFF closes sale of Beltway Antoine Business Center in Houston


                               
 HOUSTON, TX – HFF announced today that it has closed the sale of Beltway Antoine Business Center (top left photo) a seven-building, 383,100-square-foot, Class A industrial park in Houston, Texas.

HFF marketed the property on behalf of the seller, Mountain West Industrial Properties and its partner, American National Insurance Company based in Galveston, Texas.  DCT Industrial Trust, Inc. purchased the property for an undisclosed amount.

Beltway Antoine Business Center was built in two phases in 2007 and 2008 and is 95.2 percent leased to 17 tenants.  The property is situated at 3403 – 3463 North Sam Houston Parkway (Beltway 8) at the Antoine toll booth in Houston’s north industrial submarket.

The HFF investment sales team representing the seller, Mountain West Industrial Properties, was led by senior managing director Rusty Tamlyn (lower right photo) and associate director Trent Agnew.

Mountain West Industrial Properties is a Denver based real estate firm specializing in the investment, development, operation and management of multi-tenant real estate assets.

DCT Industrial Trust Inc. is a leading industrial real estate company that owns, operates and develops high-quality bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico. Texas.

Contacts:    
Rusty Tamlyn, CCIM, SIOR, HFF Senior Managing Director, (713) 852-3500 rtamlyn@hfflp.com                                                                                                                                                       
 Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500                 

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