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| Rusty Tamlyn |
HOUSTON, TX – HFF announced it has closed the
sale of 15151 Sommermeyer, a 57,550-square-foot, tilt wall, crane-served
warehouse and distribution center in Prologis Park West by Northwest in
Houston, Texas.
HFF marketed the property on behalf of the seller,
Foundation Properties. Prologis, Inc.
purchased the center for an undisclosed amount free and clear of existing debt.
15151 Sommermeyer sits on approximately 3.4 acres at the
intersection of U.S. Highway 290 and Sam Houston Parkway, the epicenter for the
overall Houston industrial market.
The
property consists of 31,850 square feet of grade level warehouse space with
three large crane-served bays, a 26-foot clear height and 21,900 square feet of
office space. The asset is 100 percent
leased to Proserv Operations, Inc., a global oilfield services firm.
The HFF investment sales team was led by senior managing
director Rusty Tamlyn and real estate analyst John Rogers.
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| Prologis Park West by Northwest, Houston, TX |
“This freestanding building is ideal for oilfield-related
tenants as proven by its excellent occupancy history since being constructed in
1991,” Tamlyn said.
“Prologis was the
logical buyer since they developed most of the park and now own 20 of the 26
buildings comprising the park,”
Prologis, Inc., the leading global provider and operator of
logistics infrastructure, is the largest industrial REIT in the world and is
focused on global and regional markets across the Americas, Europe and Asia. Visit their
website at www.prologis.com to learn more.
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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