PRESS RELEASE


SPEAR STREET CAPITAL AND TRANSWESTERN DEVELOPMENT CO. ACQUIRE 16.88 ACRES AT BUFFALO SPEEDWAY AND W. ALABAMA

March 08, 2017

SPEAR STREET CAPITAL AND TRANSWESTERN DEVELOPMENT CO. ACQUIRE 16.88 ACRES AT BUFFALO SPEEDWAY AND W. ALABAMA
Former ExxonMobil site purchased

​Houston – Spear Street Capital and Transwestern Development Co. announce the acquisition of 16.88 acres at 3120 Buffalo Speedway in the Greenway submarket. The property had been home to ExxonMobil’s Upstream Research Campus since the 1950s and was sold due to ExxonMobil’s relocation to Spring, Texas. The property was marketed and sold by Jones Lang LaSalle’s team of Ronnie Deyo, Rudy Hubbard and Kevin McConn.

ABOUT SPEAR STREET CAPITAL
Spear Street Capital is a real estate investment company dedicated to pursuing select investment opportunities primarily in the United States and Canada. Spear Street focuses on assets and portfolios greater than $50 million in total value, targeting well-conceived and located properties that can succeed through creative leasing efforts, physical improvements, entitlement changes or realization of adaptive re-use strategies. For more information, please visit www.spearstreetcapital.com.
 
ABOUT TRANSWESTERN DEVELOPMENT COMPANY
Transwestern Development Company is a geographically diversified development business focused on commercial and residential property types. The firm executes projects through a variety of structures and has been developing for itself and partners throughout the country since 1978.

Based in Houston, Transwestern Development Company operates as a principal, investing alongside institutional partners across the risk spectrum, and as a fee developer for clients and user-owners. Please visit transwesterndevelopment.com for more information.


Media Contact:
Stefanie Lewis
713.272.1266
stefanie.lewis@transwestern.com
twmediarelations@transwestern.com