Sunday, May 10, 2015

HFF closes sale-leaseback of 2-property industrial portfolio in the Houston metro area


Brookshire Orizon Building,  7007 FM 362 in Brookshire, TX

 HOUSTON, TX –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale-leaseback of a two-property, 449,895-square-foot industrial portfolio 100 percent occupied by Spitzer Industries in the Houston metropolitan area. 

Trent Agnew
HFF marketed the property on behalf of Spitzer Industries/Stephens Group.  An affiliate of Lexington Realty Trust purchased the property and leased it back to Spitzer Industries for 20 years. 

The portfolio serves the operating needs for Spitzer Industries, a custom fabricator of specialized equipment for the energy industry and is comprised of the Waterfront Deck and Brookshire Orizon properties. 

The Waterfront Deck property consists of six buildings totaling 187,800 square feet at 13863 Industrial Road in east Houston.  The property features 1,100 linear feet of frontage along Greens Bayou adjacent to the Houston Ship Channel and has barge and boat slips.

 The Brookshire Orizon facility was renovated between 2012 and 2014 and consists of one 262,645-square-foot building at 7007 FM 362 in Brookshire, a suburb 37 miles west of Houston.

The HFF investment sales team representing the seller was led by director Trent Agnew, managing director Coler Yoakam, executive managing director Scott Galloway, senior managing director Mark West and real estate analyst Campbell Black.

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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