{"id":1004052484,"date":"2012-07-18T19:52:50","date_gmt":"2012-07-19T03:52:50","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=56601"},"modified":"2022-12-05T00:20:14","modified_gmt":"2022-12-05T08:20:14","slug":"holliday-fenoglio-closes-industrial-office-sales","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/holliday-fenoglio-closes-industrial-office-sales\/","title":{"rendered":"Holliday Fenoglio Closes Industrial, Office Sales"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Georgiana Mihaila, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Holliday Fenoglio Fowler\u2019s Houston branch announced closing the sales of both a four-building, Class A industrial portfolio and a 95,166-square-foot office property last week.<\/p>\n<p style=\"text-align: justify\">The four-building industrial portfolio was purchased by Industrial Income Trust for an undisclosed amount, debt free. Two of the four buildings are located within the Northwest 8 Business Park, which is situated along Beltway 8 less than two miles south of Highway 290. The other two buildings are located within Windfern Distribution Center near the intersection of Highway 290 and Gessner Drive.<\/p>\n<p style=\"text-align: justify\">Completed in 1999 and 2001, the distribution buildings are 93.3 percent leased and include a mixture of rear load, front load and cross dock buildings. The properties are leased to tenants such as Schlumberger Technology, Bayou Packaging, Core Laboratories L.P. and Specialty Rolled Metals.<\/p>\n<p style=\"text-align: justify\">The seller, a separate account client advised by Clarion Partners, was represented by HFF\u2019s senior managing director Rusty Tamlin and associate director Trent Agnew.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/1900-Yorktown.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-56602\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/1900-Yorktown.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>HFF also mediated the sale of 1900 Yorktown, a 94,166-square-foot office property located just south of the intersection of Yorktown and San Felipe; the six-story building, which most recently served as home to the Art Institute of Houston, includes a nine-story parking garage with a total of 486 spaces. Buyer The Finger Cos. plans to demolish the building and develop a mid-rise, Class A multi-housing apartment community on the site. The Finger Cos. specializes in real estate development, with a focus on multi-housing properties. To date, it has completed more than 75 apartment communities in 13 cities, representing more than 25,000 units with a consistently strong return on investment.<\/p>\n<p style=\"text-align: justify\">HFF marketed the property exclusively on behalf of a national specialty finance company, with senior managing director H. Dan Miller, managing director Davis Adams and director Marty Hogan leading the investment sales team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Holliday Fenoglio Fowler&rsquo;s Houston branch announced closing the sales of both a four-building, Class A industrial portfolio and a 95,166-square-foot office property last week.<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21742],"tags":[39438,1815],"class_list":["post-1004052484","post","type-post","status-publish","format-standard","hentry","category-houston","category-latest","tag-houston","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Holliday Fenoglio Closes Industrial, Office Sales - 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