CBRE, on behalf of the seller, is pleased to offer investors the opportunity to acquire a fee simple interest in Westport Business Park. The flex project is comprised of 3 free standing buildings situated on 4.05 acres inside the loop, with access to I-610 and I-10 via Old Katy Road. The buildings feature grade-level loading with overhead doors and efficient floorplates, ideal for single users or multiple tenants, making
it an outstanding covered land play opportunity. Robust development activity extends from the Memorial Drive/Washington Avenue corridor all the way northwest of I-610 and along Hempstead Highway. The rapid pace of new projects in this affluent area is driving existing property values and creates high potential for existing product. Private storage, destination retail, creative office, high-rise residential, and adaptive reuse are all in demand at this key inner Houston location, due in great part to new, high-density developments.
Westport Business Park‘s premier infill location features excellent access to the affluent Memorial and River Oaks neighborhoods. The
site is ideally positioned to serve demand from high-net-worth individuals for destination retail, private storage, and creative offices.
Situated in a safe, professional area with low through traffic, Westport Business Center benefits both owner occupants and tenants with
an infill location and inner-city dynamics with relative privacy.
This highly constrained land sub-market is primed for redevelopment opportunities and long-term strategies such as covered land
investments. Infill sites in growth corridors with development ready proportions are ideal targets for covered land plays and adaptive reuse
potential. Office towers, retail grocery, private storage, high density residential, and other uses can be developed on 4-acre sites.