Monday, May 11, 2015

HFF closes sale of 27-building industrial portfolio in Dallas and Houston


27-Building Industrial Portfolio in Dallas-Fort Worth and Houston, TX markets

 DALLAS, TX, May 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a 27-building, 2.35 million-square-foot, 95.6-percent leased industrial portfolio located in the Dallas-Fort Worth area and Houston, Texas.

Randy Baird
HFF marketed the portfolio on behalf of the seller, a partnership between Mayfield Properties, LP and AB Real Estate Group.  A private fund advised by Crow Holdings Capital – Real Estate (CHC-RE) purchased the assets for an undisclosed amount.

 The eight Dallas-Fort Worth properties are located in the DFW Airport North, Great Southwest, Valwood and West Brookhollow industrial markets. 

 The 11 buildings are 98.1 percent leased and total 1.015 million square feet. 

 The facilities are located at 1375 Avenue South and 1002 Avenue T in Grand Prairie; 2400 Centennial Drive in Arlington; 5101 Statesman Drive in Irving;

1625 Vantage Drive in Carrollton; 12901 Nicholson Road (three buildings) in Farmers Branch; 601-625 Mockingbird Road (two buildings) in Dallas and 8601 Ambassador Row, also in Dallas.

The eight Houston facilities are located in the Northwest and Southwest industrial markets and total 16 buildings with 1.335 million square feet. 

 The 93.6-percent leased portfolio is comprised of the 1801 West Sam Houston Parkway property; the two-building Greengrass Drive facility at 1401-1431 and 1501-1527 Greengrass Drive; 401-421 West Crosstimbers Street; the four-building Willowbrook facility with 8270 and 8280 Willowbrook Place North, 9305-9323 Millsview Road and 13161-13175 Misty Willow Drive;

Rusty Tamlyn
and the two-building Wynnwood Park at 7215 Wynnwood Lane and 7240 Wynnpark Drive in Houston; the three-building Julie Rivers property at 505 and 525 Julie Rivers Road and 12505 Reed Road in Sugar Land;

and the two Corporate IV buildings at 12603 and 12613 Executive Drive and the 4000 Greenbriar property in Stafford.

 The HFF investment sales team representing the seller was led by senior managing directors Randy Baird and Rusty Tamlyn, managing director Jud Clements, directors Trent Agnew and Robby Rieke and real estate analysts Stephen Bailey and John Rogers.

 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

www.crowholdingscapital-re.com

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