JV equity for self storage development near Houston, Texas arranged by HFF

January 6, 2016— Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged joint venture equity for the development of a Class A, 851-unit, self storage facility within The...

January 6, 2016— Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged joint venture equity for the development of a Class A, 851-unit, self storage facility within The Vintage master-planned community in the Houston suburb of Spring, Texas.

HFF worked on behalf of the development manager, Vintage Hannah One, LLC, to arrange a joint venture equity partnership with an unnamed partner.

Scheduled for completion in the later part of 2016, the self storage project will consist of four buildings totaling 82,675 rentable square feet. Situated on 5.8 acres at 15500 Vintage Preserve Parkway, the storage facility site is located in The Vintage, a 630-acre, master-planned community with restaurants, residences, shopping, healthcare facilities, hotel, seniors housing, lakes and an 80-acre nature preserve, in Spring.

The HFF self storage team representing the development manager was led by director Barbara Guffey.

“The location within The Vintage mixed-use development, along with the strong demographics and numerous rooftops in the immediate vicinity, makes it ideal for a new self storage project,” Guffey said. “The new state-of-the-art facility will be one of few self storage projects built in the area within the last decade.”

[button href=”https://www.hfflp.com/media-center/press-releases/134038/hff-arranges-joint-venture-equity-for-self-storage-development-near-houston-texa.aspx” style=”emboss” size=”medium” color=”#81d742″ hovercolor=”#1e73be” target=”_blank” icon=”external-link”]Source: HFF[/button]

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CommercialDevelopmentHoustonMortgageNationalPrivate EquityReal Estate FinanceSalesSelf StorageSouth

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