HOUSTON – Exeter Property Group, an investment management firm based in Conshohocken, Pa., has acquired Bammel Business Park in northwest Houston.
The five-building, 246,000-SF project is located on 14 acres on the North Sam Houston Parkway West.
Rusty Tamlyn and Trent Agnew of HFF represented the seller, FR/Cal Bammel.
“This offering generated substantial interest due to the value-add nature, deal size, newer product in northwest Houston and very little product on the market for sale,” Tamlyn said.
The property has immediate access from Beltway 8 in addition to visibility from more than 150,000 vehicles per day and proximity to Bush Intercontinental Airport. Completed in 2008, Bammel Business Park features 24-foot clear heights.
The one-story buildings are leased to a diverse tenant mix, including Gruma Corporation, Stylenquaza and Motion Industries.