The Spring Hill Business Park, located at 322, 500 and 504 Spring Hill Drive, Spring, is now under new ownership, according to a news release from SVN | J. Beard Real Estate-Greater Houston, which facilitated the sale. Previously owned by Spring Hill BP and Spring Hill BP II, the new owner, SHB Park, is a private partnership, according to the news release. SVN | J. Beard Real Estate will continue the leasing and property management for the more than 60,000-square-foot business park, according to the release.

Neal King, an advisor with SVN | J. Beard Real Estate, said the project has been more than 10 years in development.

“Over the past decade, we handled the leasing and were able to keep this historically strong performing asset at a high and stable occupancy rate for our clients,” King said in the news release. “When they were ready to sell, we were able to secure multiple offers from well-qualified prospects, providing our clients with the highest value and best possible outcome.”

Tenants at the locations include a mixture of business and health care offices. www.jbeardcompany.com