HFF announces the sale of a 49,640-square-foot flex industrial project located at 500 Century Plaza in Houston, Texas.
The HFF team represented the seller, a joint venture partnership between Archway Properties and NewQuest Properties. Finial Group purchased the property for an undisclosed price.
500 Century Plaza was completed in 1984 and features 14 grade-level doors, 14-foot clear heights, varying office space and climate control in portions of the warehouse. Situated on 3.442 acres, 500 Century Plaza is in the North industrial submarket close to a number of restaurants and other amenities as well as a strong line-up of large corporate users. The property is proximate to Interstate 45, which provides access to Beltway 8 (Sam Houston Tollway) and the 610 Loop, and approximately 10 miles from George Bush Intercontinental Airport.
HFF’s investment advisory team included senior director Trent Agnew, senior managing director Rusty Tamlyn and real estate analyst Johnny Kight.
Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.
About Archway Properties
Archway Properties offers a broad range of services to its clients, and with client satisfaction as its primary goal, the company provides assistance in virtually every aspect of the development process. Archway Properties’ support starts with the initial concept meeting and continues through to the land acquisition, construction and first day of occupancy and beyond. By remaining independent from architects, engineers and contractors, the company provides objective advice to our clients and have incentive to provide the best value. Archway Properties builds relationships by providing excellent service to all its clients. Visit http://www.archwayprop.com for more information.
About NewQuest Properties
NewQuest Properties is a privately owned, full-service company with deep experience in retail leasing, tenant representation, land brokerage, commercial development and property management. Its partners each have decades of experience working in commercial real estate. The company currently manages a $1.7 billion portfolio encompassing more than 60 projects in Texas and Louisiana. NewQuest currently leases more than 12 million square feet of retail space and has helped hundreds of first-rate tenants find the right space for their businesses. Learn more at https://www.newquest.com.
About Finial Group
Finial Group is a full-service commercial real estate firm that provides service focused, turnkey solutions to their clients’ commercial real estate needs. The Finial Group offers investment, development, leasing, asset management and construction management services all under one roof. The Finial Group’s team members are dedicated to building the most revered brand in commercial real estate and maintaining an unrivaled reputation for quality of service and ability to execute. For more information please visit www.finialgroup.com.
About HFF
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
