HOUSTON-A partnership consisting of principals from Urban Cos. and InSite Realty Partners has sold a 63,621-square-foot office building in the Interwood Business Park. Operating under the entity name of 15109 Heathrow Forest LLC, the local seller disposed of the asset to Heathrow Forest LLC.
The price for the building at 15109 Heathrow Forest Pkwy. was undisclosed, though the Harris Central Appraisal District assesses it at $8.2 million. The office building is situated in the 440-acre, mixed-use Interwood Business Park and was completed in 2008.
The building is 88% leased to five tenants, four of which are branches of the General Services Administration (GSA), which contracts most U.S. government facilities. The HFF investment sales team representing the seller was led by senior managing director Dan Miller and director Martin Hogan.