 |
| Woodland Hills, 3918 Atascocita Road, Humble, TX |
 |
| Chris Curry |
HOUSTON, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Woodland Hills, a 282-unit, Class A
multi-housing community in the northeast Houston suburb of Humble, Texas.
HFF marketed the property
exclusively on behalf of the seller, a joint venture between KKR and Crossbeam
Concierge. Interurban Corporation
purchased the asset for an undisclosed amount.
Woodland Hills is located
at 3918 Atascocita Road within a
15-minute drive of Generation Park, a deed-restricted, 4000-acre master-planned
development that will include the FMC Technologies headquarters campus and the
52-acre Redemption Square corporate lifestyle district.
Completed in 2009, the property has had an
average occupancy above 92 percent during the past two years. The gated, garden-style community has units
averaging 880 square feet each and amenities, including a swimming pool with
sundeck, fitness center, clubhouse, lounge and business center.
The HFF investment sales
team representing the seller was led by managing director Chris Curry, senior
managing directors Todd Stewart and Todd
Marix and associate director JC
Clemens.
 |
| Todd Stewart |
“The Woodland Hills sale
is indicative of the type of product that is finding success in the Houston
market today – Class A and B assets in suburban locations with a low
reproduction cost,” said Curry.
“The
interest in Woodland Hills began building immediately, and it went under
contract before it was even formally launched to the market, a scenario that
was mutually beneficial for all parties involved.”
For a complete copy of the company’s
news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
No comments:
Post a Comment