Thursday , 14 December 2017
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Techway Southwest Sold for $33 Million

Cabot Properties has acquired Techway Southwest, a 415,000-SF industrial property in southwest Houston.

HOUSTON – Cabot Properties has acquired Techway Southwest, a 415,000-SF industrial property in southwest Houston on Bissonnet Street, near Beltway 8. The price was $33 million.

The seller, EastGroup Properties of Jackson, Miss., was represented by Jack Fraker, Randy Baird, Heather McClain Venegoni and Tom Lynch of CBRE.

The four-building portfolio is 100 percent leased with a diverse range of tenants, including Bass Computers and Sun & Ski.

“The Class A, institutional quality construction of Techway Southwest will continue to draw national and regional tenants to these assets and push rental rates,” said Lynch.

CBRE National Partners, a network formed in 2010, completed 228 dispositions in 2016 totaling 132 million sq. ft. valued at $10 billion.

August 1, 2017 Realty News Report Copyright 2017

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