HFF Arranges Houston Industrial Portfolio Sale
- Aug 07, 2017
HFF closed the sale of two assets, encompassing three infill, industrial warehouse buildings in two Houston submarkets. Combined, the three properties total 101,635 square feet.
The properties in the transaction are:
- 3300 Claymore Park
- 9362 and 9366 Wallisville Road
The first property is situated on 2.25 acres in Houston’s Northwest industrial submarket and is HazMat capable. The latter occupies 4.05 acres in the Northeast industrial submarket and has access to the Houston Ship Channel and the Port of Houston. Both assets offer access to Interstate 10, Highway 290, Sam Houston Tollway (Beltway 8) and Loop 610. The two properties are 100 percent leased to eight tenants.
HFF represented the seller, TA Realty, which sole the assets to ATCAP Partners. Senior Director Trent Agnew and Senior Managing Director Rusty Tamlyn led HFF’s investment sales team.
“There is very little industrial product for sale in Houston, and the fundamentals are exceptionally strong in the two submarkets where these properties are located,” Agnew said in a prepared statement. “We have worked with ATCAP before, and they were a good fit for these two assets, given their ownership of other similar assets here and ability to move quickly.”
Image courtesy of HFF