By Mihaela Coste
Houston—LandPark Advisors LLC recently announced that it has represented Stone Mountain Properties in the acquisition of Beltway 8 Office Flex Center, a 116,700-square-foot office/industrial complex. The property is situated along Sam Houston Parkway in Houston. Financing details of the transaction have not been disclosed.
Bill McGrath, president, and Peter Wall, CEO of LandPark Advisors, represented the buyer. LandPark Commercial, a subsidiary of LandPark Advisors, will provide both property management and leasing services. Vice President Will McGrath will be in charge of leasing.
Located at 9920-9980 W. Sam Houston Parkway S. on a 10.5-acre site, Beltway 8 Office Flex Center consists of four multi-tenant flex buildings completed in 2005. The property features ample grade-level parking, grade-level loading with roll-up doors, and exterior access doors controlled by a monitored access control system. The complex offers convenient access through Beltway 8, Interstate 69 and Interstate 10.
“This property caught our attention due to the diverse, nationally recognized tenant mix,” said Bill McGrath in a prepared statement. “The Southwest is especially a sought after destination for local businesses given the immediate proximity to Interstate 69 and Beltway 8, a critical freeway in Houston serving as the main thoroughfare for major companies that want access to employees from the suburbs as well as quick access to the Houston freeway system.”
Image courtesy of Colliers International