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.