FD Stonewater has completed the acquisition of the Harvey | Harvey-Cleary headquarters, a 55,624-square foot, Class A suburban office building in Houston’s Westchase submarket. The headquarters property is 100% leased to Harvey | Harvey-Cleary, a privately held, full-service general contractor with offices in Houston, Austin, San Antonio, and Washington, DC. The 15-year sale-leaseback was completed as part of FD Stonewater’s single-tenant investment program and caps more than a year and a half of collaboration on the deal.
Harvey | Harvey-Cleary has been headquartered in Houston since its founding in 1957. The company acquired the Westchase vacant property in 2019 and subsequently completed significant capital upgrades and interior renovations transforming the property into a modern, collaborative workspace. The building benefits from the area’s considerable population and economic growth and close proximity to major vehicular arteries and transit hubs.
FD Stonewater Principal Andrew Schwartzman commented, “We are excited to see this deal come to fruition after many months of collaboration with Harvey | Harvey-Cleary. We greatly value our relationship with them as a trusted service provider and partner. With a stabilized, reputable tenancy and strong underlying real estate fundamentals, this deal is representative of FD Stonewater’s single-tenant strategy that has realized tremendous success.”
Harvey | Harvey-Cleary President, Kevin Rogge, stated, “our relationship with FD Stonewater has grown steadily over the past decade and has been marked with many great successes. This deal is really the culmination of many years of collaborating on business pursuits. We are looking forward to seeing this through and continuing our strong partnership.”