Pagewood Acquires Georgibelle Business Park In Houston With Texas First Bank Financing

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.