SparrowHawk, the real estate strategists that specialize in investing and managing industrial properties across the country, have made an atypical property acquisition. The company has acquired an approximately 6,000-square-foot office building in Houston.
SparrowHawk has acquired the two-story building at 1414 West Clay St. as well as the adjoining parking parcel. With the acquisition and following a comprehensive buildout and improvement of the interior spaces, SparrowHawk has relocated its nest.
“After 10 years of leasing space, we determined it would be in our own best interests to acquire an asset that would be our own nest, and a building with expansion capabilities,” said SparrowHawk CEO and Founder Alfredo Gutierrez.
At the 1414 W. Clay St. building, SparrowHawk will occupy the entire second floor. With a comprehensive renovation completed, the SparrowHawk space includes private offices, conference rooms and meeting areas, an employee kitchen and a reception area. A law firm occupies the first-floor space which in addition to a general entryway also includes a private entrance for the law firm.
The building sits on a .24 acre site and includes parking for 30 vehicles. It is located 10 minutes from downtown Houston 15 minutes from the Galleria and 10 minutes from the Medical Center, almost equidistant between I-10 and I-69.
SparrowHawk was represented in the transaction by Dan Egger with Provista Tenant Advisors.