HOUSTON—Amid shrinking availability in a healthy service center market, an industrial park with 88% occupancy inside Beltway 8 offers flex space for small businesses from 2,400 to 12,000 square feet. Beltway 8 Industrial Park is located at 5829 W. Sam Houston Parkway North near Brittmoore and Tanner roads. Gupta Partners recently purchased the 276,000-square-foot nine-building industrial park on 9.32 acres as part of its 876,000-square-foot commercial real estate portfolio in Houston.
“Brittmoore and Tanner is the Main and Main intersection for industrial and flex retail space in Northwest Houston,” Jim Autenreith, the Moody Rambin broker who will handle lease negotiations and marketing of the property for Gupta, tells GlobeSt.com. “Our tenants are the small- to medium-sized businesses in every sector, from healthcare to technology.”
Bradley Kovach of Moody Rambin represented Gupta Partners and Autenreith represented the seller, a California-based investment group, in the transaction. J.C. Estes, also of Moody Rambin, will handle property management.
Among the tenants are retailers, professional offices, healthcare providers, technology/communications firms and wholesale service companies. Larger tenants include Jace Auto Wheel and Tire Specialists, and Lumber Liquidators.
“Beltway 8 Industrial Park's location, occupancy and tenant mix were significant factors in this acquisition,” says Jonathan Gupta of Gupta Partners. “This property complements and diversifies our long-term investments in Houston.”
In addition to Beltway 8 Industrial Park, Gupta Partners has six office properties in the Houston area, including 10700 Richmond and 3200 Wilcrest in the Westchase submarket, 2180 and 2190 North Loop West in the North Loop area, 12946 Dairy Ashford in Sugar Land and 550 Westcott in Midtown. Those properties are 88% leased.
“Increasing density in all types of real estate is pushing demand for small-space users, particularly in the service center category,” says Kovach. “This location offers added value and quality in a business address with Beltway 8 frontage and visibility.”
Moody Rambin currently manages and leases 7.4 million square feet of commercial property. Gupta is a national private real estate investor, primarily of office properties, based in Michigan.
As previously reported, a Home Depot location has found new life.
HOUSTON—Amid shrinking availability in a healthy service center market, an industrial park with 88% occupancy inside Beltway 8 offers flex space for small businesses from 2,400 to 12,000 square feet. Beltway 8 Industrial Park is located at 5829 W. Sam Houston Parkway North near Brittmoore and Tanner roads. Gupta Partners recently purchased the 276,000-square-foot nine-building industrial park on 9.32 acres as part of its 876,000-square-foot commercial real estate portfolio in Houston.
“Brittmoore and Tanner is the Main and Main intersection for industrial and flex retail space in Northwest Houston,” Jim Autenreith, the Moody Rambin broker who will handle lease negotiations and marketing of the property for Gupta, tells GlobeSt.com. “Our tenants are the small- to medium-sized businesses in every sector, from healthcare to technology.”
Bradley Kovach of Moody Rambin represented Gupta Partners and Autenreith represented the seller, a California-based investment group, in the transaction. J.C. Estes, also of Moody Rambin, will handle property management.
Among the tenants are retailers, professional offices, healthcare providers, technology/communications firms and wholesale service companies. Larger tenants include Jace Auto Wheel and Tire Specialists, and Lumber Liquidators.
“Beltway 8 Industrial Park's location, occupancy and tenant mix were significant factors in this acquisition,” says Jonathan Gupta of Gupta Partners. “This property complements and diversifies our long-term investments in Houston.”
In addition to Beltway 8 Industrial Park, Gupta Partners has six office properties in the Houston area, including 10700 Richmond and 3200 Wilcrest in the Westchase submarket, 2180 and 2190 North Loop West in the North Loop area, 12946 Dairy Ashford in Sugar Land and 550 Westcott in Midtown. Those properties are 88% leased.
“Increasing density in all types of real estate is pushing demand for small-space users, particularly in the service center category,” says Kovach. “This location offers added value and quality in a business address with Beltway 8 frontage and visibility.”
Moody Rambin currently manages and leases 7.4 million square feet of commercial property. Gupta is a national private real estate investor, primarily of office properties, based in Michigan.
As previously reported, a
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
