11/29/2007

HFF negotiates sale of Houston business park

by Eric Ramsden

1704 Rankin Rd.

An affiliate of Cobalt Capital Partners has purchased the Air Center Business Park in Houston, Texas from Houston-based Cypressbrook Company.

Holliday Fenoglio Fowler's Rusty Tamlyn and Mike Parker negotiated the deal for Cypressbrook.

The two-building industrial complex was completed in 2006 and is located at 1704 Rankin Rd. and 16680-16684 Air Center Blvd., within the Central Green Business Park in northern Houston. It consists of 192,420 square feet on 11 acres. It is currently 63 percent occupied with current tenants including Ziebel US, House of Forgings, Inc. and Array Holdings, Inc.

Cybressbrook will continue to manage and lease the property.

Address: 1704 Rankin Rd. and 16680-16684 Air Center Blvd., Houston, Texas

Size: 192,420 square feet

Built: 2006

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Filed Under: Industrial

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