Situated on 8.9 acres at 8708 Technology Forest Place,the single-story building is 100% master leased by anoperating entity and then subleased to severalnational credit rated tenants, including Maersk Inc., asubsidiary of Maersk Sealand of Denmark; Milwaukee-based Rockwell Automation Inc.; Greenville,SC-based Reliance Electric Industrial Co.; andFleetPride Inc., which is headquartered in TheWoodlands.
Hallmark says that the buyer was attracted to the20-year master lease and the non-recourse financingthat was assumable on the six-year-old building, whichis assessed at $5.2 million, according to theMontgomery County Appraisal District.
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