Urban Cos., InSite Realty Sell Interwood Business Park Office Asset
Heathrow Forest LLC has acquired 15109 Heathrow Forest Parkway, a 63,621-square-foot office building in the Interwood Business Park near the George Bush Intercontinental Airport in north Houston.
HFF represented the seller, 15109 Heathrow Forest LLC, which is a partnership primarily comprised of principals of the Urban Companies and InSite Realty Partners, both of Houston. Heathrow Forest LLC was represented by Ed McCool of EEM III Realty Corp, Inc. The purchase price is confidential.
15109 Heathrow Forest Parkway is on 4.25 acres within the Interwood Business Park, a 440-acre mixed-use master planned development directly south of Houston’s George Bush Intercontinental Airport and close to the Sam Houston Tollway (Beltway 8), the Hardy Tollroad and Interstates 45 and US Highway 59.
Completed in 2008, the building is 88 percent leased to five tenants, four of which are branches of the General Services Administration (GSA), which contracts most U.S. Government facilities.
The HFF investment sales team representing the seller was led by senior managing director Dan Miller and director Martin Hogan.