January 9, 2020 – JLL Capital Markets announces that it has closed the sale of Harms Road Business Park, a five-building industrial park totaling 124,000 square feet in Houston’s highly sought-after Northwest Industrial submarket.
Completed in phases between 2014 and 2018, Harms Road Business Park comprises five single-tenant, crane-served industrial buildings. The park features clear heights ranging from 28 to 30 feet, 22 overhead doors, overhead cranes with capacities ranging between 10 and 20 tons and high-quality office space. Situated on 9.37 acres at 7204-7214 Harms Road, the park is less than 2.5 miles from the U.S. 290 and the Sam Houston Tollway (Beltway 8) interchange, which provides tenants with easy access to the Houston MSA. Harms Road Business Park is within Houston’s Northwest submarket, the largest of Houston’s submarkets.
The JLL Industrial Capital Markets team that represented the seller was led by Managing Director Trent Agnew, Director Charlie Strauss and Analyst Ethan Goldberg as well as NAI’s Travis Land.
“Harms Road Business Park is a highly successful development located within the core of Houston’s Northwest submarket,” said Agnew. “Our JLL team, in partnership with Travis, were able to put together an off-market trade that highlights the desirability of opportunities that offer some additional leasing upside in today’s capital markets environment.”