Wednesday , 29 March 2017
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REIT Buys Industrial Buildings in Houston

HOUSTON – Industrial Income Trust, a REIT, has closed the sale of a five-property, 709,114-sf industrial portfolio in Houston.  HFF marketed the portfolio on behalf of the seller.

The portfolio is 98.5 percent leased overall.  The properties included in the portfolio are: 9830-9856 East Freeway (Eastport 8); 6323 Brookhill Drive (Lone Star 3); 552-598 Garden Oaks Boulevard (Pine Forest 18); 4601 South Pinemont (Pineway 1) and 3800-3898 West 11th Street.

The HFF investment sales team representing the seller was led by senior managing director Rusty Tamlyn and associate director Trent Agnew.

“Industrial Income Trust is expanding their presence in the Houston area as earlier in the year, HFF sold them the Northwest 8/Windfern assets,” said Tamlyn.  “The assets within this portfolio were predominately dock hi, front load warehouse buildings with low office finish and urban in-fill locations that were substantially leased with three of the five having new roofs.”

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