Hallmark Floors Acquires Industrial Property From Vigavi In Houston For $170476

The Southeast Distribution Center, a newly built industrial facility spanning 170,476 square feet, has been sold in Houston. Located at 730 Genoa Red Bluff Road near Port Houston, the property was acquired by Hallmark Floors from Vigavi. The buyer was represented by Louis Tomaselli of JLL, while CBRE's Nathan Wynne and Cape Bell represented the seller and developer.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Buyer: Hallmark Floors
• Seller: Vigavi
• Buyer's Rep: Louis Tomaselli (JLL)
• Seller's Rep: Nathan Wynne and Cape Bell (CBRE)

The Southeast Distribution Center sale transaction also involved Burton Construction as the general contractor and Powers Brown as the architect. Construction financing was provided by Amegy Bank.