TradeLane Properties acquired a 145,222-square-foot light industrial facility at 915 Conroe Park West Drive in Conroe, Texas, in the Woodlands/Conroe submarket of Houston.
This Class-A building, constructed in 2020, is rear loaded and situated on 18 acres, with a 39’ clear height. Additional features include 14 dock-high doors (10’ x 10’), 2 drive-in doors (12’ x 14’), 38 trailer stalls, and 195’ deep truck courts.
Purchased within the TradeLane Properties U.S. Industrial Fund III, L.P., an investment fund focused on key Central and Southeast U.S. logistics markets, this asset was purchased on a short-term sale-leaseback and is currently being marketed for lease by Garret Geaccone at Stream Realty Partners.
The acquisition of TLP 915 Conroe is consistent with TradeLane Properties’ strategy of investing in select major U.S. logistics markets with the opportunity to add value through dedicated in-house expertise including Leasing, Accounting, Construction, Development, and Property Management teams.
Trent Agnew and Charles Strauss with JLL Capital Markets assisted in closing this transaction.
