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HOUSTON — Colliers has arranged the sale of Oaks of Kingwood, a 152-unit property located at 3415 Havenbrook Drive in Kingwood, a master-planned community in northeast Houston. Chip Nash, Bob Heard and Jaleel Adatia represented the seller, Kingwood Houston Oaks Limited Partnership, in the deal. The buyer and sales price were not disclosed.
Oaks of Kingwood was originally built in two phases, with the first phase completing in 1984 and the second in 1999. The two-story community comprises a total net rentable area of 133,013 square feet. The average unit size is 876 square feet. Oaks of Kingwood was 99 percent occupied at the time of sale, which was the first time the asset has been on the market in 25 years.