Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
TexasIndustrial

Cushman & Wakefield’s Capital Markets group advises sale of two Houston industrial portfolios totaling 1.45 million square feet

April 27, 2022
Share on Facebook Share on Twitter Share on LinkedIn Share via email
Brookhill Distribution Center (610 Loop)

Cushman & Wakefield announced the firm represented an undisclosed seller in the disposition of two industrial portfolios totaling 1,450,039 square feet. The two portfolios consisted of the Northwest Houston Portfolio (eight buildings totaling 740,925 square feet) and the 610 Loop Portfolio (five buildings totaling 709,114 square feet).

In aggregate, the portfolio is currently 97.4% leased and is well positioned to capture near-term NOI growth as the in-place rents are currently 15%+ below market with an average remaining lease term of 3.6 years.  All of the buildings are situated in coveted infill Houston locations. The Northwest Houston Portfolio is located along the Highway 290 corridor and the 610 Loop Portfolio is situated along the 610 Loop within the Northwest, South and East Houston submarkets.

The portfolios were sold to an undisclosed investment and management company. The Cushman & Wakefield National Industrial Advisory Group team representing the seller included Jim Carpenter, Jud Clements, Robby Rieke and Taylor Starnes, along with Jim Foreman and Brooke Forrest with Cushman & Wakefield’s Houston industrial leasing team.

Tags
Cushman & WakefieldHouston
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasIndustrial

$157.8 million sale of industrial portfolio in Florida, Georgia and Texas closes

July 5, 2022
IllinoisIndustrial

Brown Commercial Group negotiates 63,800-square-foot lease for growing Chicago suburban business

July 5, 2022
TexasRetail

Dallas-area power and lifestyle center sells

July 5, 2022
IllinoisOffice

Kennedys Law LLP relocates to the CME Center

July 5, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com