{"id":1004231786,"date":"2018-05-24T04:01:12","date_gmt":"2018-05-24T12:01:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004231786"},"modified":"2022-12-08T17:19:04","modified_gmt":"2022-12-09T01:19:04","slug":"black-equities-buys-houston-business-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/","title":{"rendered":"Black Equities Buys Houston Business Center"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004231792\" style=\"width: 356px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/interwood-Business-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004231792\" data-attachment-id=\"1004231792\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/interwood-business-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/interwood-Business-Center.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"Interwood Business Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Interwood Business Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/interwood-Business-Center.jpg?w=800\" class=\"wp-image-1004231792 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/interwood-Business-Center.jpg\" alt=\"\" width=\"346\" height=\"259\" \/><\/a><p id=\"caption-attachment-1004231792\" class=\"wp-caption-text\">Interwood Business Center<\/p><\/div>\n<p>Black Equities Group has acquired Interwood Business Center, a two-building industrial project totaling 192,000 square feet in Houston. HFF arranged the sale on behalf of the seller, Stockbridge Capital Group.<\/p>\n<p>Located at 14430-14440 John F. Kennedy Blvd. and 14445-1449 Heathrow Forest Parkway, the buildings occupy 10.9 acres within Interwood Business Park, a 440-acre a master-planned business center. The assets provide access to the area\u2019s major thoroughfares such as interstates 45 and 69, Sam Houston Parkway and Hardy Toll Road. Additionally, George Bush Intercontinental Airport is situated within six miles of the property.<\/p>\n<p>Built in 1999, the industrial business center features 24-foot clear heights, dock-high loading, 130- to 190-foot truck courts and rear-load and cross-dock configurations. The asset was 93 percent leased at the time of sale.<\/p>\n<p><em>\u201cAfter originally selling this to Stockbridge in 2014 at low 70-percent occupancy, they did a tremendous job of leasing up the vacancy and extending some of the larger tenants,\u201d<\/em> said Trent Agnew, managing director at HFF, in prepared remarks.<\/p>\n<p>HFF\u2019s investment advisory team included Agnew, Managing Director Rusty Tamlyn and Analyst Dane Petersen. The team recently arranged the <a href=\"https:\/\/www.commercialsearch.com\/news\/black-creek-group-nabs-houston-industrial-campus\/\">sale of Stafford Grove Industrial Park<\/a>, a Class A facility in the Southwest Houston suburb of Stafford, Texas.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company expanded its portfolio by a total 192,000 square feet of industrial space in Houston. The facility is within the 440-acre master-planned business center dubbed Interwood Business Park.<\/p>\n","protected":false},"author":871,"featured_media":1004231792,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1589,21748,21742],"tags":[40464,32792,35708,37188],"class_list":["post-1004231786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-houston","category-industrial","category-latest","tag-black-equities-group","tag-hff","tag-stockbridge-capital-group","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>Black Equities Buys Houston Business Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Equities Buys Houston Business Center\" \/>\n<meta property=\"og:description\" content=\"The company expanded its portfolio by a total 192,000 square feet of industrial space in Houston. The facility is within the 440-acre master-planned business center dubbed Interwood Business Park.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/\" \/>\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=\"2018-05-24T12:01:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:19:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/interwood-Business-Center.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=\"Evelyn Jozsa\" \/>\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\/black-equities-buys-houston-business-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/\",\"name\":\"Black Equities Buys Houston Business Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/interwood-Business-Center.jpg\",\"datePublished\":\"2018-05-24T12:01:12+00:00\",\"dateModified\":\"2022-12-09T01:19:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/interwood-Business-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/interwood-Business-Center.jpg\",\"width\":800,\"height\":620,\"caption\":\"Interwood Business Center\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/black-equities-buys-houston-business-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Black Equities Buys Houston Business Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. 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