Stag Industrial Acquires 233K-SF Brookhollow West Business Park

Stag Industrial Inc. completed a deal to acquire the 232,950-square-foot Brookhollow West Business Park, a two-building, industrial property in northwest Houston. AIV Inc. sold the fully leased, Class A industrial warehouses for an undisclosed price. The property is assessed at $19.8 million.

HFF’s Trent Agnew, Rusty Tamlyn and Dane Peterson represented the seller, while Jon Farris and Mattheson Hamilton of Stream Realty worked with HFF on the transaction. The sale closed in February 2018, but was just announced.

“Brookhollow West represents the rare value-add opportunity in the industrial space, due to the pending relocation of AIV to its new headquarters facility off Highway 290 and Telge Road in northwest Houston in early 2019,” Agnew said. He added that the property attracted a great deal of interest from investors.

Brookhollow West Business Park delivered in 2007-2008, and is at 7049-7140 W. Sam Houston Pkwy. North. Three tenants occupy the property.

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