HOUSTON — Exeter Property Group, an investment management firm headquartered in Conshohocken, Pennsylvania, has completed the acquisition of Bammel Business Park, a five-building industrial campus in northwest Houston.
Located on 14 acres along the North Sam Houston Parkway West (Beltway 8), the property totals approximately 246,000 square feet. Its strategic placement offers direct access to Beltway 8, prominent visibility to more than 150,000 vehicles daily and close proximity to George Bush Intercontinental Airport, making it an attractive asset for logistics and distribution users.
HFF brokers Rusty Tamlyn and Trent Agnew represented the seller, FR/Cal Bammel, in the transaction. According to Tamlyn, the offering drew strong interest from investors because it presented a value-add opportunity, was a competitively sized deal, comprised relatively newer product for northwest Houston and came to market at a time when few comparable assets were available for sale.
Completed in 2008, Bammel Business Park features one-story buildings with 24-foot clear heights, well-suited for a range of warehousing and light industrial uses. The campus is leased to a diversified mix of tenants, including Gruma Corporation, Stylenquaza and Motion Industries, underscoring the property’s appeal to established commercial operators.