Transwestern Assists in the Acquisition of Land and Subsequent Building
March 25, 2021
Houston – Transwestern Real Estate Services (TRS) and Molto Properties announce the official groundbreaking of West Gulf Bank Distribution Center, a 115,642-square-foot, Class A distribution building located in Brookhollow West Business Park at 9700 West Gulf Bank.
Transwestern Managing Director Nick Peterson, SIOR, and Executive Managing Director John Ferruzzo, SIOR, represented Molto Properties in the acquisition of the land site and subsequent building. The team additionally provided Molto Properties brokerage services in the sale of the land and building to Armstrong Relocation, which will occupy the building upon completion in September.
“We look forward to working with Armstrong Relocation to deliver a best-in-class facility to meet its specific needs,” said Chad Parrish, Vice President of Molto Properties. “The infill location at the intersection of Beltway 8 and Highway 290, situated in the highly sought-after Northwest submarket, provides Armstrong with superior access to Houston’s major transportation arteries. Ultimately, the facility will be a true asset that will serve Armstrong’s business now, while supporting its growth for many years to come.”
West Gulf Bank Distribution Center is a state-of-the-art industrial development located in the heart of Northwest Houston. The development will accommodate 97 car parking spaces, 24 trailer parking spaces, 28 loading docks and two drive-in doors and ramps.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.