Clay Hempstead Business Park

JLL Capital Markets on behalf of Stonelake Capital Partners is pleased to offer qualified investors the opportunity to acquire Clay Hempstead Business Park (the “Property”), a 286,985 square foot, four building business park located inside of Beltway 8 along the Highway 290 Corridor in the Northwest Industrial submarket of Houston, TX. The Property is currently 88% leased to 15 tenants with 2.2 years of weighted average lease term remaining and a 34%+ mark-to-market opportunity.

The Property features a diverse site plan offering both dock high front-load and semi-dock rear-load configurations and suite sizes ranging from 4,592 square feet to 46,950 square feet with a 14% overall office finish. This concentration of sub 50,000 square feet suites has proven to cater to a growing tenancy base insulated from Houston’s development pipeline .

The Property’s infill Northwest Houston location with easy access to Beltway 8, Highway 290, Interstate 610, and Interstate 10 is the “Main-and-Main” destination for Houston’s industrial tenants serving the dense population in Northwest Houston.

New ownership has the unique value-add opportunity via lease-up of the remaining vacancy to acquire an infill, mission-critical business park while capitalizing on the robust rent growth occurring in the Houston Industrial market.