Northwest Houston: Exeter Acquires Business Park

Rusty Tamlyn

In Houston, Exeter Property Group, an investment management firm based in Conshohocken, Pa., has purchased Bammel Business Park in northwest Houston.

The five-building, 246,000-SF project is located on 14 acres on the North Sam Houston Parkway West.

Rusty Tamlyn and Trent Agnew of HFF represented the seller, FR/Cal Bammel.

“This offering generated substantial interest due to the value-add nature, deal size, newer product in northwest Houston and very little product on the market for sale,” Tamlyn said.

The property has immediate access from Beltway 8 in addition to visibility from more than 150,000 vehicles per day and proximity to Bush Intercontinental Airport. Completed in 2008, Bammel Business Park features 24-foot clear heights.

The one-story buildings are leased to a diverse tenant mix, including Gruma Corporation, Stylenquaza and Motion Industries.