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| Pine Forest business Center, Northwest Houston, TX |
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| Rusty Tamlyn |
HOUSTON, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Pine Forest Business Center, a
259,705-square-foot property consisting of six, fully-leased, light industrial
buildings in northwest Houston.
HFF marketed the property
on behalf of the seller, Cabot Properties.
Stonelake Capital Partners, LLC purchased the property for an
undisclosed price.
Pine Forest Business
Center is part of Pine Forest Business Park, which was redeveloped from the
former Pine Forest Country Club and is a master-planned, deed-restricted
business park comprising 32 buildings.
Pine Forest Business Center is home to a
variety of tenants in the construction, distribution, manufacturing, healthcare
and wholesale industries, including DXP Enterprises, Superior Plus, CTC
Contractors, Power Supply Components, Highland Distributing, Recovercare and
CCLD Technologies.
Located at 3404-3414, 3420-3432, 3434-3448,
3454-3468, 3474 and 3502-3556 Yale Street in Houston’s Heights neighborhood,
Pine Forest Business Center is part of the Northwest Industrial submarket, the
largest submarket in Houston.
HFF’s investment sales
team was led by senior managing director Rusty
Tamlyn and director Trent Agnew.
”The property’s infill
location just north of the 610 Loop near the Heights attracted a number of
prospective buyers during the marketing process,” Agnew said. “The property has had a track record of
stable occupancy and increasing rents while also offering an opportunity for
redevelopment in the future as a result of the development activity ongoing in
the immediate vicinity.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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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