Georgibelle Business Park Joins Growing Portfolio
Media Features:
HOUSTON, TX – April 24, 2024 – PAGEWOOD, a real estate owner, operator, and developer, announced the acquisition of Georgibelle Business Park— an infill, shallow bay industrial 9-building business park located in the Spring Branch pocket of Greater Memorial and northwest Houston on Interstate 10 near Beltway 8.
“Our commitment to acquiring real estate in northwest Houston continues to be guided by the data analytics provided by The Lighthouse,” said Paul Coonrod, Founder and Managing Principal at PAGEWOOD. “We’re very excited to add Georgibelle Business Park to our growing portfolio of commercial real estate and complete major capital improvements to deliver a best-in-class product.”
Totaling 102,600 square feet across more than 4.5 acres, the business park includes a total of 9 buildings with spec office and warehouses ranging from 500 to 5,500 square feet. Located at the corridor of Memorial City with prime accessibility to Interstate 10, the business park is positioned with prime access to surrounding retail and restaurants. The move-in ready suites feature dedicated office space, restrooms, grade-level loading doors and dedicated parking spaces.
Acquired from Buffalo Real Estate Partners, Georgibelle Business Park includes:
10210 Georgibelle, a total of 3,798 square feet.
10212 Georgibelle, a total of 6,570 square feet.
10214 Georgibelle, a total of 12,950 square feet.
10216 Georgibelle, a total of 14,300 square feet.
10218 Georgibelle, a total of 16,250 square feet.
10220 Georgibelle, a total of 13,500 square feet.
10222 Georgibelle, a total of 10,400 square feet.
10226 Georgibelle, a total of 10,650 square feet.
1106 Wisterwood, a total of 16,800 square feet.
“Georgibelle Business Park is a dynamic property in a highly desired and accessible location near sought-after retail and restaurants,” said Nick Spearman, Vice President of PAGEWOOD. “Paired with our commitment to improve, renovate and modernize the property’s infrastructure and aesthetic, we are confident in the success of this acquisition.”
PAGEWOOD has already begun updates and major capital improvements to the business park. Phased renovations include roof and ground repairs, repainting and updating exterior facades and common area spaces, renovating interior office spaces, enhancing landscape and lighting, and more.
Nick Spearman represented PAGEWOOD. Justin Patchen represented Buffalo Real Estate Partners. Texas First Bank provided financing for PAGEWOOD.
Derick Perkins and Kyle Fischer with Alpine Partners are leasing Georgibelle Business Park.
About PAGEWOOD
A commercial real estate investor and developer based in Houston, Texas, PAGEWOOD currently owns, manages and is developing over 1.7 million square feet of real estate across Texas and rapidly growing. Utilizing data science software to analyze market trends, the company leverages its proprietary platform with its hands-on approach to operations and institutional investment that support its objective real estate decisions.
PAGEWOOD fosters relationships with financial institutions and develops real estate that resonates with retail, entertainment, office, and restaurants. The company delivers its investors sustained results while enhancing the communities to which they serve.
For additional information about the company and its commercial real estate portfolio, visit www.Pagewood.com and follow @PagewoodCRE.
###