Black Equities Group Acquires Interwood Business Center In Houston For $Undisclosed

The Black Equities Group has acquired Interwood Business Center, a two-building industrial project totaling 192,000 square feet in Houston. The property, located at 14430-14440 John F. Kennedy Blvd and 14445-1449 Heathrow Forest Parkway, sits within Interwood Business Park, spanning 10.9 acres. The asset, built in 1999, features 24-foot clear heights, dock-high loading, and rear-load and cross-dock configurations. It offers easy access to major thoroughfares and was 93 percent leased at the time of sale.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not Disclosed
• Address: 14445 Heathrow Forest Pkwy, Houston
• Market: Lynchburg
• Seller's Rep: Rusty Tamlyn(JLL), Trent Agnew(JLL)
• Buyer: The Black Equities Group
• SF: 192,000

The sale of Interwood Business Center was arranged by HFF on behalf of the seller, Stockbridge Capital Group. HFF's investment advisory team included Managing Director Rusty Tamlyn, Trent Agnew, and Analyst Dane Petersen. The acquisition marks a significant transaction in the industrial real estate market, reflecting the strategic decisions and successful execution by the involved parties.