HOUSTON (HFF) – HFF has closed the sale of and secured acquisition financing for a 126,821-sf industrial distribution facility fully leased to Briggs Equipment.
The building, completed in 1975, is on a 10.1-acre tract at 8787 Wallisville Rd. in the southwest quadrant of the intersection of I-610 and US 90.
HFF arranged the sale on behalf of the seller, Twinrose Investments.
TMT Wallisville Investments LLP purchased the asset. HFF arranged a ten-year, fixed-rate acquisition loan through Deutsche Bank on behalf of the new owner.
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