{"id":1004216733,"date":"2018-04-04T09:11:05","date_gmt":"2018-04-04T17:11:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004216733"},"modified":"2022-12-08T17:29:26","modified_gmt":"2022-12-09T01:29:26","slug":"aiv-inc-buys-2-houston-industrial-buildings","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aiv-inc-buys-2-houston-industrial-buildings\/","title":{"rendered":"AIV Inc. Buys 2 Houston Industrial Buildings"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004216736\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004216736\" data-attachment-id=\"1004216736\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/aiv-inc-buys-2-houston-industrial-buildings\/brookhollow-west-business-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Brookhollow-West-Business-Park.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexandru Ciorogar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1522836998&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Brookhollow West Business Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Brookhollow West Business Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Brookhollow-West-Business-Park.jpg?w=800\" class=\"wp-image-1004216736 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Brookhollow-West-Business-Park.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Brookhollow-West-Business-Park.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Brookhollow-West-Business-Park.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Brookhollow-West-Business-Park.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004216736\" class=\"wp-caption-text\">Brookhollow West Business Park<\/p><\/div>\n<p>AIV Inc.\u2014a subsidiary of STAG Industrial Inc.\u2014has bought Brookhollow West Business Park, two fully leased, Class A <a href=\"https:\/\/www.commercialsearch.com\/news\/atcap-snaps-up-16-building-industrial-portfolio-in-houston\/\">industrial buildings in northwest Houston<\/a>, totaling 232,950 square feet. HFF Senior Director Trent Agnew and Senior Managing Director Rusty Tamlyn, along with Dane Petersen represented the seller. Stream Realty Partners Managing Directors Jon Farris and Matteson Hamilton also assisted HFF on the transaction.<\/p>\n<p>Located at 7140 West Sam Houston Parkway and 7049 West Brookhollow Drive,\u00a0 the one-story properties\u2014which are located on a 12-acre site\u2014are home to three tenants, according to HFF. Built in 2008, Brookhollow West Business Park features 24-foot clear heights, 40 dock-high doors, five drive-up ramps, 21 percent office finish and 277 parking spaces. Highway 290 is easily accessible from the property.<\/p>\n<p><em>\u201cBrookhollow West represents the rare value-add opportunity in the industrial space due to the pending relocation of AIV to its new headquarters facility off Highway 290 and Telge Road in northwest Houston in early 2019,\u201d<\/em> said Agnew in prepared remarks.\u00a0 <em>\u201cAs a result, there was a tremendous amount of interest from investors that were drawn to the prospect that they could get their hands on some vacancy at a location considered to be the epicenter of the Houston industrial market within two newer buildings that possess all the specifications that future tenants will desire.\u201d<\/em><\/p>\n<p><em>Photo via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Situated in the city\u2019s Northwest industrial submarket, the properties feature 24-foot clear heights, 40 dock-high doors and more than 250 parking spaces.<\/p>\n","protected":false},"author":928,"featured_media":1004216736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1589,21748,21783,21742],"tags":[32792,39654,35970,33358,37188],"class_list":["post-1004216733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-houston","category-industrial","category-investment","category-latest","tag-hff","tag-matteson-hamilton","tag-stag-industrial","tag-stream-realty-partners","tag-trent-agnew"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AIV Inc. 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Buys 2 Houston Industrial Buildings\" \/>\n<meta property=\"og:description\" content=\"Situated in the city\u2019s Northwest industrial submarket, the properties feature 24-foot clear heights, 40 dock-high doors and more than 250 parking spaces.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/aiv-inc-buys-2-houston-industrial-buildings\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-04T17:11:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:29:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Brookhollow-West-Business-Park.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Ciorogar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aiv-inc-buys-2-houston-industrial-buildings\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/aiv-inc-buys-2-houston-industrial-buildings\/\",\"name\":\"AIV Inc. 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