Hayman Plaza

Summary

8866 & 8876 Gulf Freeway
Houston, TX 77017
178,000 sq. ft.

Hayman Plaza was acquired in October of 2014 by Hayman Properties as a re-positioning opportunity with a strong value-add component which will reap rewards of a rapidly evolving market, a result of a massive investment by Southwest Airlines to transform the complex into a true and meaningful international airport.  

When acquired, Hayman Plaza was at 78% occupancy, with an in-place Capitalizatin Rate of just over 9% and a price below 50% of replacement cost, Hayman Plaza enjoys a unique location not far from the end of the tarmac at the rapidly growing Hobby Airport in the Southern half of Houston.  Since acquiring both buildings, Hayman Properties, via Advantage Property Management, has mapped out an exciting re-positioning plan designed to leverage this property’s true potential.