HFF Arranges Sale of Industrial Buildings in Houston

HOUSTON — HFF has arranged the sale of a three-building industrial portfolio totaling 243,100 square feet in Houston. HFF marketed the properties on behalf of the seller, EastGroup Properties. Cabot Properties Inc. purchased the assets for an undisclosed amount. The portfolio consists of Clay-Campbell I and II in northwest Houston and Kirby Business Center in south Houston. All three properties were 100 percent leased at the time of sale. Clay-Campbell I and II are located at 4300-4320 and 4444-4456 Campbell Road near Highway 290 and Beltway 8. They were completed in 1982 and both buildings have 58,846 square feet of space. Kirby Business Center is located at 9350-9370 South Point Drive, just south of NRG Stadium and the Texas Medical Center. The building contains 125,408 square feet and was completed in 1980.