HOUSTON, TX – The Houston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have closed the sale of and arranged financing for 8451 Market Street Road (top left photo), a 120,810-square-foot industrial facility in southeast Houston, Texas.
HFF senior managing director Rusty Tamlyn (middle right photo) and real estate analyst Trent Agnew led the investment sales team on behalf of the seller, Market Portwall L.P. (a partnership controlled by The National Realty Group, Inc.).
Working on behalf of the buyer, HFF director Brian Carlton (lower left photo) placed the five-year, 5% fixed-rate acquisition loan with Aetna Life Insurance Company.
8451 Market Street Road is situated on five acres close to the 610 Loop and Interstate 10 interchange three miles north of the Port of Houston and five miles east of Houston’s central business district.
The property has been renovated within the last year and is fully leased to Santini Export Packaging, Area Wholesale Tire and Interglobal Plastics.
“8451 Market Street’s largest tenant has been in occupancy since the early 1980’s, providing the owner with a strong anchor tenant and solid income stream,” said Tamlyn.
Contacts:
Rusty Tamlyn, CCIM, SIOR, HFF Senior Managing Director, (713) 852-3500, rtamlyn@hfflp.com
Brian Carlton, HFF Director, (214) 265-0880, bcarlton@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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