KATY, Texas – (Realty News Report) – Triten Real Estate Partners, has sold its 350,000-SF Pederson Logistics Center to Sealy & Co.
The recently constructed facility is located on 22.75 acres at 574 Pederson Road, near Interstate 10.
“The steps we took in developing, leasing and selling Pederson Logistics Center aligns perfectly with Triten’s strategic vision of identifying and maximizing high-potential industrial assets,”says Will Hedges, Partner, Triten Real Estate Partners. “The unique challenges of this site required innovative solutions, and our team’s ability to overcome these hurdles not only demonstrated our expertise but also significantly enhanced the property’s value. This transaction enables us to reinvest in new opportunities and continue to drive growth in key markets, reinforcing our commitment to delivering exceptional industrial real estate solutions.”
Nathan Wynne with CBRE represented Triten in the Sealy transaction.
In November of 2023, it was announced that Johnson Health Tech, a manufacturer of fitness and exercise equipment had leased the Pederson Logistics Center. CBRE was also involved in the Johnson lease.
Triten, based in Houston, has offices in Dallas, Los Angeles, Atlanta, and Baltimore. Triten focuses on changing trends within the supply chain logistics industry that drive demand on trucking, warehouses, and industrial space. Since the company’s inception, Triten has built or bought nearly 50 supply chain assets that encompass nearly 500 acres of property and have an aggregated market value of over $450 million. Over the same period, Triten has also purchased and developed over 3 million SF of traditional industrial product. Triten’s supply chain assets include truck parking, sorting facilities, equipment storage, container storage, fleet parking, and infill “last mile” delivery.
July 18, 2024 Realty News Report Copyright 2024
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File: Sealy Buys Triten Logistics Project