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Colliers facilitates sale of Tanner Road Business Park in Houston, Texas
Rezul News/10698930
HOUSTON - Rezul -- Colliers is pleased to announce the sale of Tanner Road Business Park, a ±83,512 square foot multi-tenant industrial shallow bay complex located at 9863-9869 Tanner Road in Houston, Texas. Zack Martin (https://www.colliers.com/en/experts/zack-martin), Todd Moore (https://www.colliers.com/en/experts/todd-moore) and Connor Duffy (https://www.colliers.com/en/experts/connor-duffy) of Colliers represented the buyer in the off-market transaction.
"This off-market sale highlights the surging investor demand for industrial shallow bay assets. With a well-capitalized client prepared to pursue a significant value-add strategy, we provided guidance from initial discussions through post-closing," said Zack Martin of Colliers. "Tanner Road Business Park is slated for extensive renovations and a likely full tenant turnover to stabilize and reposition the property. We appreciate our client's trust in us to help shape the business plan, lead the transaction, and involve Colliers Houston's leasing and construction management teams to support execution after closing."
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Situated in Houston's highly sought-after Northwest industrial submarket, Tanner Road Business Park provides convenient access to Beltway 8, Highway 290, and Interstate 10, making it an attractive location for a diverse range of industrial users. The submarket continues to experience strong demand, fueled by Houston's ongoing industrial growth, proximity to major transportation corridors, and an expanding tenant base in logistics, manufacturing, and distribution.
The Houston industrial market remains one of the most active in the country, with steady leasing activity and investor interest in strategically positioned properties like Tanner Road Business Park. Colliers continues to play a pivotal role in connecting buyers and sellers within this dynamic sector.
"This off-market sale highlights the surging investor demand for industrial shallow bay assets. With a well-capitalized client prepared to pursue a significant value-add strategy, we provided guidance from initial discussions through post-closing," said Zack Martin of Colliers. "Tanner Road Business Park is slated for extensive renovations and a likely full tenant turnover to stabilize and reposition the property. We appreciate our client's trust in us to help shape the business plan, lead the transaction, and involve Colliers Houston's leasing and construction management teams to support execution after closing."
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Situated in Houston's highly sought-after Northwest industrial submarket, Tanner Road Business Park provides convenient access to Beltway 8, Highway 290, and Interstate 10, making it an attractive location for a diverse range of industrial users. The submarket continues to experience strong demand, fueled by Houston's ongoing industrial growth, proximity to major transportation corridors, and an expanding tenant base in logistics, manufacturing, and distribution.
The Houston industrial market remains one of the most active in the country, with steady leasing activity and investor interest in strategically positioned properties like Tanner Road Business Park. Colliers continues to play a pivotal role in connecting buyers and sellers within this dynamic sector.
Source: Colliers Houston
Filed Under: Real Estate
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