HOUSTON--HFF has closed the sale ofCypress Business Center, a 103,979-square-footflex distribution facility in Houston.
HFF marketed the property on behalf of the seller,Cypressbrook Co. Industry Capital, on behalf of anaffiliated fund, purchased the center for an undisclosed amountfree and clear of existing debt.
Cypress Business Center is located off Interstate 45 and CypressCreek Parkway (FM 1960) at 301-305 Wells Fargo Drive in NorthHouston, approximately 12 miles from George Bush IntercontinentalAirport. The property is 74 percent leased to AutoZone, DKNXT,DynaQual, Charis Bible College, Premiere Safeguard and SpeedyPrinting & Office Supplies.
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