posted on October 07, 2010 22:30
Black Forest Ventures LLC has acquired 11 acres in The Woodlands for a possible medical-related development.
The firm acquired a tract of land between Six Pines and Pine Croft Drive in the city’s medical district.
Sean Quinn of The Quinn Co. represented Black Forest in the transaction. The sales price was not released.
Jonathan Hitchcock, vice president and partner for Black Forest Ventures, hinted in a statement that a medical development could be in the offing.
“This purchase will add to Black Forest Ventures’ strategic portfolio of desirable holdings and opens the door for the company to participate in the fast-growing demand of medical office-space,” Hitchcock said.
Privately held Black Forest, which offers financing, asset management and consulting services, has more than $500 million in real estate investment under management.
The acquisition-minded company, based in The Woodlands, had a busy summer:
• Black Forest acquired a 175,000-square-foot office building at 17000 Katy Freeway from Core Real Estate LLC that is leased entirely to Mustang Engineering Inc.
• The firm also paid $12.2 million for the office building at 5050 Westheimer, former home of the defunct Stanford Financial Group.
Black Forest was founded by Dirk Laukien, whose father, Günther Laukien, co-founded the Bruker scientific empire some 50 years ago.
October 4th, 2010 | Houston Business Journal