Lee & Associates Represents Adkission Group in Notable Transaction
HOUSTON (August 2020) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, today announces Adkisson Group’s purchase of a 158,700-square-foot manufacturing campus located at 6500 Brittmoore Rd. in Northwest Houston. Robert McGee, Thomas Leger and Chase Cribbs of Lee & Associates – Houston represented the privately held real estate development firm in the transaction.
The one-of-a-kind campus consists of eight manufacturing buildings on over 13 acres of land, with overhead crane lift capacities of up to 100 tons and hook heights ranging up to 58 feet. Several buildings on the property offer 100 percent HVAC, heavy power and lab space. The location is in close proximity to Hwy 290 on Beltway 8 with ingress and egress to both Beltway 8 and Brittmoore Rd.
“We saw this as a great opportunity for our client to own a manufacturing facility that can no longer be replicated,” said Robert McGee, Principal with Lee & Associates – Houston. “This is the type of facility that no one would ever build on a speculative basis.”
Regardless of the Covid-19 pandemic and drop in oil earlier this year, Adkisson Group has always anticipated demand for high-quality manufacturing space at a rental rate well below new construction pricing. Another attractive aspect is that the campus lends itself to one to multiple tenants, plus each building can be sold off separately.
“Northwest Houston has always been a prominent area for crane served tenants and owners in this area,” said Steve Adkisson of Adkisson Group. “With access off Brittmoore Rd. and Beltway 8, we felt we could compete with any existing building in the marketplace.”
The Lee & Associates – Houston team will also be marketing the property for lease. The property’s unbeatable infrastructure, location and the flexibility it has to offer is second to none, allowing the team to feel very optimistic about interest from manufacturing groups that realize how costly it would be to replicate this product type.
About Lee & Associates – Houston:
Lee & Associates – Houston is a fully-integrated, commercial real estate company with unrivaled capabilities and an unwavering dedication to integrity. Our business-minded brokers specialize in office, industrial and land real estate investments. As the fastest-growing, broker-owned firm in the nation, with more than 60 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, visit www.lee-associates.com/houston/.
About Adkisson Group:
Adkisson Group is a Houston-based privately held real estate development firm specializing in distribution and manufacturing developments which include speculative, build-to-suit and design-build projects in and around the Greater Houston area. Since the company’s inception they have made several purchases of existing buildings, along with sale/leaseback opportunities. With over 30 years’ experience, Adkisson has the team and knowledge to develop any size project that they decide to undertake. A company known for its reputation, Adkisson is known to always deliver a first-class service and the highest quality of work. For more information, visit www.adkissondevelopment.com.