Colliers International announces the sale of Midstream Business Park in Mont Belvieu, Texas

Investment Sale.

Colliers International is pleased to announce the sale of Midstream Business Park, a 23,657 square foot flex building located at 2830 FM 565 in Mont Belvieu, Texas. The buyer, Kimberlee Partners LP, was represented by Hart Schleicher of Capital Real Estate Commercial, Inc. Judd Harrison and Jason Tangen of Colliers International represented the seller, Bellwether Interest, LLC, in the transaction.

 

Midstream Business Park is a fully leased, deed-restricted business park located in an ideal location in Mont Belvieu's petrochemical corridor. The property is situated off of the Grand Parkway extension, the scheduled construction in the area is to be completed in Spring 2022.

 

The Northeast Outlier office submarket is 94.5% occupied, 14.3% higher than Houston's average occupancy rate of 82.7%. The submarket has a historical annual rent growth rate of 2.3%.

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Judd Harrison

Vice President | Houston

Houston

Judd specializes in the areas of tenant and landlord representation on industrial and land transactions, and is recognized as one of the most service focused brokers in the business. He brings years of commercial real estate to the Houston industrial team with prior career experience in commercial construction and energy banking. Since 2013, he has completed more than 160 transactions totaling more than 3.1M square feet. Judd is also a graduate of Texas A&M University and earned an MBA at the University of Houston’s C.T. Bauer College of Business. In his free time, Judd enjoys golf, hunting and spending time with his wife and two children.

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Jason Tangen

Vice President | Houston

Houston

Jason focuses primarily on industrial and office real estate investment sales. This includes buyer representation, property disposition, build-to-suit evaluations, development, sale-leasebacks, design-build, and other investment oriented transactions. He has ten years of commercial real-estate experience within the investment services sector and represents clients ranging from small private funds and family offices to publically traded REITs and other institutional investors.

Prior to Colliers, Jason worked for a small boutique commercial real estate firm where he was responsible for the upstart of the investment sales division.

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