Dallas-based Apricus Realty Capital acquired 11403 N. Houston Rosslyn Road, an 18.56-acre industrial outdoor storage property located in Northwest Houston.
The property includes approximately 53,000 square feet of warehouse and service facilities on a large-scale pipe storage and distribution yard. The site is strategically located between Beltway 8, U.S. Highway 290 and Interstate 45.
The property is 100% leased to American Piping Products, a leading North American distributor of steel pipe, fittings and related products serving the energy, power generation, chemical processing and industrial sectors.
Apricus acquired the property in partnership with ABR Capital Partners, continuing the firm’s programmatic joint venture focused on IOS and infill industrial aggregation. JLL Debt Advisory Senior Directors CW Sheehan and Jack Britton, Associate Peyton Ackerman and Analyst Nate Henderson represented Apricus in securing debt financing.
The acquisition further expands Apricus Realty Capital’s portfolio and reinforces the firm’s conviction in IOS as a specialized asset class.
This acquisition is the latest in a series of strategic transactions over the last six months. Earlier this year, Apricus acquired 6110 Chippewa Dr. in Dallas. Apricus also disposed of several IOS assets, generating strong realized returns for investors while validating growing institutional demand for industrial outdoor storage assets, Haley said.
Apricus Realty Capital acquires 18.56-acre industrial outdoor storage property in Houston market
