Harbor Hill Acquires 50,000 Square Foot Industrial Property In Houston From Harbor Capital

The industrial property located at 5801 Breen Drive in Houston, TX has a total square footage of 50,000. The asset was transacted between Harbor Capital and Harbor Hill. The transaction was successfully facilitated by the brokerage firm Marcus & Millichap, which represented both parties.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Buyer: Harbor Hill
• Seller: Harbor Capital
• Brokers: Adam Abushagur, Tyler Ranft & Grant Roosma - IPA Capital Markets - Marcus & Millichap
• Lender: Joe Skalak & Maddie Dichiara - City Bank
• Mortgage Brokers: Cullen Atchison & Hayden Sieling - Marcus & Millichap

The Workshops at Breen industrial property transaction highlights the strategic involvement of IPA Capital Markets in arranging the acquisition financing through City Bank. The buyer, Harbor Hill, has plans to lease the remaining space, intending to enhance the long-term value of the property.