Herin Family Investments Acquires Properties for Fund 2
Houston, Texas. Finial Group assists Herin Family Investments (HFI), the parent company of Three Diamond Capital Holdings (TDCH), to commence their second real estate fund by completing four acquisitions in a single month, totaling roughly 104,000 square feet. HFI intends to further their real estate investment platform by targeting value-add industrial assets across all major Texas industrial markets as they round out the second fund. Along with the desire to increase their portfolio in Texas, HFI has a long-term plan of expansion into other major industrial markets across the Southern United States. Finial Group is thrilled to carry on the momentum with longtime partner HFI.
Jason Herin, CEO of Herin Family Investments says, “Finial Group has served as our only real estate advisor and partner for over a decade. They prove why I trust them with 100% of our real estate business, asset acquisitions and dispositions. The Finial team has provided unmatched results in the deployment of our second industrial fund and has maintained the utmost integrity, service, and innovation. I am excited to be working with Finial Group on the future expansion of our industrial portfolio and our continued partnership.”
“HFI and Three Diamond Capital Holdings bring the highest level of professionalism as buyers and as a landlord. I believe their value-add aggregation strategy will continue to yield success for the foreseeable future. Jason, Matt, and Elizabeth are a pleasure to work with. I appreciate all the time and effort they spend to make each acquisition as smooth as possible. HFI isn’t slowing down any time soon and will continue to acquire functional industrial products in major markets across Texas,” says Jack Gaffney, Vice President of Brokerage at Finial Group.
Information regarding each acquired property can be found below:
6422 Calle Lozano Drive, Houston, TX 77041
Located in the Northwest Houston Industrial Submarket, 6422 Calle Lozano Dr is a newly refurbished single-tenant industrial building. The property totals 26,320 square feet with combination dock-high and grade-level loading. The recent upgrades to the property include new exterior metal sheeting, new roofing, epoxy flooring in the warehouse, and an office refresh. Jack Gaffney with Finial Group represented the buyer, Three Diamond Capital Holdings, in their purchase from Laredo Holdings LLC. Mark Lehman with Centermark Commercial Real Estate represented the seller.
13720 FM 529, Houston, TX 77041
Located in the Northwest Houston Industrial Submarket, 13720 FM 529 is a highly functional single-tenant industrial building. The property is 22,000 square feet with a 5-ton crane, 25’ clear height, great loading and fully secure outside storage. The buyer plans on implementing a capital improvement plan to the building, including new exterior paint, upgrading the office, and LED lighting in the warehouse. The property is strategically located in Northwest Houston with close proximity to FM 529, US-290, Beltway 8, SH-6 and I-10. Jack Gaffney with Finial Group represented the buyer, Three Diamond Capital Holdings, in their purchase from Beltway Coalition, LLC. Chris Caudill with NAI Partners and Jake Wilkinson with M&W Real Estate Group represented the seller.
6927 Brittmoore Road, Houston, TX 77041
Located in the Northwest Houston Industrial Submarket, 6927 Brittmoore Rd is a fully-leased manufacturing facility. The property totals 26,125 square feet with two cranes (one 50-ton and one 10-ton), heavy power and outside storage. The building is located in Vallens Business Park off of Brittmoore Road, one of Houston’s best industrial pockets. This acquisition continues the increase in the buyer’s portfolio of functional North/Northwest Houston industrial buildings. Jack Gaffney with Finial Group represented the buyer, Three Diamond Capital Holdings, in their purchase from Brittmoore Properties LLC. Zane Carman with NAI Partners represented the seller.
Vault 529 Business Park – Bldgs. 3 & 4, Houston, TX 77041
Located in the Northwest Houston Industrial Submarket, Vault 529 Business Park – Bldgs. 3 & 4 are two highly functional single-tenant industrial buildings. The properties are located at 13738 FM 529. Both buildings are 15,000 square feet of new construction with combination dock-high and grade-level loading, roughly 1,000 square feet of office space, 24’ clear heights, a sprinkler system and 400 amps of power. This acquisition represented a strategic opportunity to continue to grow and diversify the buyer’s portfolio in this submarket, by building size and functionality. Jack Gaffney and Jason Gibbons with Finial Group represented the buyer, Three Diamond Capital Holdings, in their purchase from FM 529 Holdings, LLC. Darren O’Connor with NAI Partners represented the seller.
###
About Herin Family Investments and Three Diamond Capital Holdings
Herin Family Investments is a Single Family Office headquartered in Houston, Texas, with Jason Herin as it’s President and CEO. HFI has several focused business units including software development, investment banking, philanthropy and real estate development and investment. The real estate development and investment division is managed under the Three Diamond Capital Holdings business unit, which has the sole purpose of building, developing, buying and selling industrial and commercial real estate assets.
About Finial Group
Finial Group is a full-service commercial real estate firm that provides service focused, turnkey solutions to their client’s commercial real estate needs. The Finial Group offers investment, development, leasing, asset management and construction management services all under one roof. The Finial Group’s team members are dedicated to building the most revered brand in commercial real estate and maintaining an unrivaled reputation for quality of service and ability to execute.
For more information, please visit www.finialgroup.com or contact the Finial Group by email at info@finialgroup.com or by phone at 713-422-2100.