Pagewood Acquires Georgibelle Business Park In Houston With Texas First Bank Financing | 10210 Georgibelle Drive | Texas First Bank | Nick Spearman, Justin Patchen | Industrial | Sale

Summary

Sale

TEXAS

Industrial

102,100 sqft

The Georgibelle Business Park, a 102,100-square-foot industrial property located at 10210 Georgibelle Drive in Houston, has been acquired by Pagewood. The property sits on a 4.5-acre site and consists of nine buildings ranging from 3,798 to 16,800 square feet. The seller of the property was Buffalo Real Estate Partners.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: Not specified
Buyer: Paul Coonrod - Pagewood
Seller: Buffalo Real Estate Partners
Buyer's Representative: Nick Spearman - Pagewood
Seller's Representative: Justin Patchen - Buffalo Real Estate Partners
Lender: Texas First Bank

Financing for the acquisition of Georgibelle Business Park was provided by Texas First Bank, allowing Pagewood to initiate a value-add program for the industrial property. Nick Spearman represented Pagewood in the transaction internally, while Justin Patchen acted as the internal representative for the seller, Buffalo Real Estate Partners.

Players

All
5

Agents
2
Agencies
2
Lenders
1

Buffalo Real Estate Partners

Texas First Bank

Details

Deal Summary

SOLD

IMAGE: Paul Coonrod, Nick Spearman & Justin Patchen DATE: 04/29/2024 ADDRESS: 10210 Georgibelle Drive MARKET: Houston ASSET TYPE: Industrial ~ SF: 102,100 ~ ACRES: 4.5 BUYER: Paul Coonrod (@PaulCoonrod) - Pagewood (@Pagewoodcre) SELLER: Buffalo Real Estate Partners BUYER'S REP: Nick Spearman - Pagewood SELLER'S REP: Justin Patchen - Buffalo Real Estate Partners LENDER: Texas First Bank (@TexasFirstBank) NOTE: Pagewood, a local investment firm, has acquired Georgibelle Business Park, a 102,100-square-foot industrial property in West Houston. The park includes nine buildings ranging from 3,798 to 16,800 square feet situated on a 4.5-acre site. Nick Spearman facilitated the transaction internally for Pagewood, while Justin Patchen represented the seller, Buffalo Real Estate Partners, also internally. Financing for the acquisition was provided by Texas First Bank, enabling Pagewood to proceed with a value-add program for the park.

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Address10210 Georgibelle Drive

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