HOUSTON–Cushman & Wakefield has arranged the sale of a 58,000-square-foot industrial property at 4909 Fulton St. in Houston.

“This property represented a unique opportunity to reposition a former industrial facility, or in time, redevelop it,” Will Condrey, of Cushman & Wakefield, told GlobeSt.com. “The numerous exit strategies were attractive to the buyer, and I think he'll benefit long term.”

Condrey points to the property's location – in a commuter rail-proximate neighborhood home to multiple adaptive reuse projects – as reasons to why it's a primed for redevelopment.

Condrey represented seller, F&J Real Estate Investments Ltd., with team members David Cook, Jeff Peden and Scott Miller. Russell Hernandez of Hernandez Properties served as broker for the buyer, 4909 Fulton Ltd.

“Mirroring the growing trend toward transit-oriented development nationwide, we are seeing growing momentum in the revitalization of areas along Houston's commuter rail lines,” Condrey says. “The Fulton Street corridor seems to be moving away from its industrial roots, with several properties already repurposed for residential. Further south, we are seeing a number of industrial-to-retail adaptive reuse projects. In the case of 4909 Fulton, the buyer took advantage of a great opportunity to secure a prime site for a future development located along the City's newly built North Line Commuter Rail.”