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| 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.
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| 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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