June 12, 2020
CBRE’s Nathan Wynne and Cape Bell recently closed the sale of a 170,476-square-foot distribution center at 730 Genoa Red Bluff Rd. in Houston. They represented seller Vigavi SEDC, LLC. The buyer, Hallmark Floors, acquired the newly-constructed facility, represented by JLL’s David Buescher and Louis Tomaselli.
“Hallmark Floors is proud to announce our expansion into the Houston market with the addition of a 170,476-square-foot warehouse and office facility,” said Tony Pan, chairman of Hallmark Floors. “Ideally located near the Port of Houston, we will be able to better serve our distributors and dealers east of the Rockies.”
Wynne said, “With this year’s economic changes, companies are taking a closer look at their supply chains and this front-load distribution center represented a strategic opportunity to be closer to consumers and manufacturing locations. Vigavi developed the distribution center, recognizing a strong user demand for high-quality industrial assets in the Houston market.”
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