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| Interwood Business Center I and II, 14430-14440 John F. Kennedy Boulevard and 14469 Heathrow Forest Parkway within the Interwood Business Park, Houston, TX |
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| Rusty Tamlyn |
HOUSTON, TX – HFF announced
today that it has closed the sale of Interwood Business Center I and II, two Class A industrial warehouse facilities
totaling 200,086 square feet in Houston, Texas.
HFF represented the seller, KTR Capital Partners,
LLC, in the transaction. Stockbridge
Real Estate Funds purchased the properties for an undisclosed amount, free and
clear of debt.
Interwood Business Center I and II are located at
14430-14440 John F. Kennedy Boulevard and 14469 Heathrow Forest Parkway within
the Interwood Business Park, which is situated immediately south of the entrance
to Houston’s George Bush Intercontinental Airport between Interstate 45 and
U.S. Highway 59.
The properties were built in 1999 and tenants include
International Seal, Nippon Express, Goodman Distribution and Top Notch
Solutions.
The HFF investment sales team representing the
seller was led by senior managing director Rusty Tamlyn and director Trent Agnew.
KTR
Capital Partners is a real estate investment, development and operating company
focused exclusively on the industrial property sector.
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| Trent Agnew |
Headquartered in New York
City with offices in Philadelphia, Chicago, Dallas, Las Vegas, Los Angeles and
Miami, KTR has a 75 person platform that manages a series of discretionary
value-add investment funds that target opportunities throughout major markets
in North America.
KTR funds currently own a portfolio of approximately 53 million
square feet across North America and provide nearly $7.0 billion of investment
capacity. For additional information,
please visit www.ktrcapital.com.
Stockbridge is a fully
independent real estate investment management firm led by veteran industry
professionals.
The firm’s portfolio
comprises assets across the investment risk spectrum, including core,
value-added and opportunistic strategies.
Stockbridge has approximately $7 billion of assets under management (as
of September 30, 2013) spanning all major real estate property types, and
certain specialty property types, throughout the United States.
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
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