 |
| Kempwood Tech Center includes three Class B flex industrial warehouse buildings totaling 113,117 square feet in Houston’s Northwest industrial submarket. |
HOUSTON, TX –– HFF
announces that it has closed the sale of Kempwood Tech Center, three
Class B flex industrial warehouse buildings totaling 113,117 square feet in
Houston’s Northwest industrial submarket.
HFF marketed the property in conjunction with
Ten-X on behalf of the seller, special servicer LNR Partners, LLC. CG7600
LP purchased the assets.
 |
| Martin Hogan |
Situated on 7.18 acres at 2700-2778 Bingle
Road, the portfolio is located at the signalized corner of Bingle and Kempwood
Roads proximate to two of Houston’s busiest freeways, Interstate 10 and U.S.
Highway 290.
The portfolio is in Houston’s
Northwest Industrial submarket, which is the largest submarket in Houston by
square footage and home to the largest concentration of institutional ownership
in the city.
Home to two tenants, the
one-story buildings feature between 14- and 16-foot clear heights, 30
grade-level loading doors and varying amount of office space.
The HFF investment advisory team representing
the seller was led by senior director Martin Hogan and real estate
analyst Charles Strauss.
“Kempwood Tech Center is an exceptional
opportunity for an investor to reposition older assets in one of Houston’s
largest and best-performing industrial submarkets,” Hogan said.
 |
| Charles Strauss |
Scott Wilkerson, an in-house broker for Garver Real Estate, handled the
acquisition for the buyers.
Holliday GP Corp. ("HFF") is a Texas
licensed real estate broker.
About
Garver Real Estate
Garver Real Estate is a privately owned real estate investment and management company. The company was created by C.M. Garver, a Houston real estate broker and engineer.
Mr. Garver has owned and
operated a civil construction company BRH Garver Construction and has been a
real estate investor for over 45 years.
CONTACTS:
MARTIN HOGAN
TX Lic. #0538781
HFF Senior Director
(713) 852-3500
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
No comments:
Post a Comment