Avison Young brokers sale of 40,000-sf industrial space on 6.2 acres in Houston

$Release_Title.getData() 15 Apr 2019

Greensheet’s former printing complex to be transformed into self-storage facility

Houston, TX – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated the sale of 40,000 square feet (sf) of industrial space on 6.2. acres at 1690 North Loop West in Houston.

Avison Young Principals Todd Mason and Jeff Lindenberger along with Richard Mason and Taylor Wilson, Senior Associates in the firm’s Houston office, represented the seller, Helen Gordon Interests, LTD, founder of the Greensheet. The buyer was GSD North Loop 610, LLC (Greenspace Holdings). The purchase price was not disclosed.

“This area is rapidly redeveloping, and it is exciting to see the continuing revitalization of the Houston Heights community,” comments Richard Mason.

“The properties in this area have a rich history,” adds Wilson. “This space was the printing complex for the Greensheet for 20 years and it is adjacent to the nearly 80-year-old Houston Farmers Market. The renovations that are underway in this area will have a positive impact on the community for generations to come.”

Greenspace has plans to erect a self-storage facility on a portion of the property.

“Avison Young is highly knowledgeable about the market,” comments Kathy Douglass, owner of Helen Gordon Interests and daughter of the late Helen Gordon DeYoung, founder of the Greensheet. “They quickly found the right buyer and made the entire process an easy and positive experience.”

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.