 |
| Deerwood Glen II, 4400 State Highway 225, Deerwood Glen Business Park, Deer Park, TX |
HOUSTON, TX, March 7, 2017
– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of
Deerwood Glen II, a 74,695-square-foot, fully-leased office building in Deer
Park, Texas.
HFF marketed the property
on behalf of the seller, Clay Partners – 4440 Hwy. 225, L.P., an affiliate of
Clay Development, and procured the buyer, Fairway Real Estate Management, LLC.
Deerwood Glen II is
located at 4440 State Highway 225 within the Deerwood Glen Business Park
adjacent to the Sam Houston Tollway (Beltway 8) in southeast Houston. Completed in 2015, the property features two
floors of fully leased space occupied by a mix of industrial, engineering and
construction firms that benefit from the property’s location close to the
Houston Ship Channel and Port of Houston.
 |
| Trent Agnew |
The HFF investment sales
team representing the seller was led by director Trent Agnew.
“The success of Deerwood
Glen II is evident by the quick lease-up and credit quality of the rent roll
that Clay was able to procure,” said Agnew.
“With the tremendous growth that continues to occur in the Port you
continue to see significant tenant demand in both the office and industrial
sectors.
“There is a lack of
quality office product to serve that demand and Fairway recognized the
long-term growth prospects of the area and is poised to see consistent cash
flow along with upside potential as rents continue to push up via this
investment.”
Clay Development & Construction (Clay) is
a developer and design/builder of industrial and office build-to-suit
facilities for sale or lease since 1998.
The company is a turnkey developer of metal and tilt wall projects with
a combined 175 years of experience in the real estate business.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
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
No comments:
Post a Comment