Wednesday , 3 June 2020
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ATCAP Buys Warehouse Adjacent to Budweiser Plant in East Houston

ATCAP has purchased this industrial building in east Houston.

ATCAP has purchased this industrial building in east Houston.

HOUSTON ATCAP Partners, a Dallas-based firm, has acquired a 120,810-square-foot industrial facility in east Houston at 8451 Market Street.

Holliday Fenoglio Fowler, L.P marketed the property on behalf of the seller, Mayfield Properties, LP.

ATCAP Partners purchased the building for an undisclosed amount all cash and was assisted by HFF in arranging acquisition financing.  HFF was also involved in the prior sale of the property to Mayfield in 2010.

8451 Market Street is situated on five acres near the intersection of Interstate 10 East and Loop 610 adjacent to the Budweiser (Div Enbev) beer plant and the Houston Ship Channel, six miles east of Houston’s central business district.  The property features 24’ ceiling heights and a 7.8 percent office build-out.  Tenants at the fully-leased facility include Santini Export Packaging Corp., Area Wholesale Tire and Interglobal Plastics.

The HFF investment sales team representing the seller was led by senior managing director Rusty Tamlyn, director Trent Agnew and real estate analyst John Rogers.

HFF’s debt placement team was led by senior managing director Brian Carlton.

Mayfield Properties, LP, is a Texas limited partnership formed by industry veterans John Jenkins and Jim Jones to acquire industrial and commercial properties in major markets throughout the Southern half of the United States.  The company targets industrial, distribution and warehouse properties between $4 million and $100 million in value. Since 2010, Mayfield has acquired 8 million square feet of existing industrial assets in Dallas, Houston, San Antonio, Memphis and Atlanta.

ATCAP Partners focused on institutional quality office and industrial assets in primary and secondary markets with a geographic focus on the Southern Central United States.

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