Kempwood Tech Center, Houston

June 18, 2019 Comments Off on Special Servicer Uses Auction to Unload 113K-SF Kempwood Tech Center Views: 221 Houston-Galveston, Texas News

Special Servicer Uses Auction to Unload 113K-SF Kempwood Tech Center

LNR Partners LLC sold Kempwood Tech Center through Ten-X’s online auction platform. The property consists of three Class B flex industrial warehouse buildings totaling 113,117 square feet in Houston’s northwest industrial submarket. The buyer was Houston-based Garver Real Estate, operating under the entity CG 7600 LP.

Martin Hogan and Charles Strauss with HFF joined forces with Ten-X to represent the seller. Garver Real Estate’s Scott Wilkerson provided in-house representation for the buyer.

Kempwood Tech Center, which delivered in the mid-1970s, is situated on 7.2 acres at 2700-2778 Bingle Rd. The new owner is planning upgrades. “Kempwood Tech Center is an exceptional opportunity for an investor to reposition older assets in one of Houston’s largest and best-performing industrial submarkets,” Hogan said.

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