Friday, August 19, 2016

HFF closes sale of 3-building industrial center in southeast Houston, TX

Ellington Trade Center, Southeast Houston, TX

Rusty Tamlyn
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Ellington Trade Center, a three-building industrial project totaling 513,800 square feet and 18.23 acres of developable land in southeast Houston, Texas.

HFF represented the seller, a partnership between KDC and Harbert Real Estate Fund III, LLC (HREF III).  Lincoln Property Company, through its investment advisory affiliate, Lincoln Advisory Group, purchased the property on behalf of an institutional client for an undisclosed price. 

Situated on more than 36 acres at 12552, 12554 and 12556 Highway 3 in Houston’s Southeast Industrial submarket, Ellington Trade Center is across the street from Ellington Airport, which was recently approved by the Federal Aviation Administration as a launch site for future space plane fights.

 The asset is just south of the intersection of Interstate 45 and Sam Houston Tollway (Beltway 8) and proximate to the Port of Houston.  The 98.6-percent-leased center is home to national and local tenants, including FedEx, Lennox Industrial, Goodman Distribution, SCP Distributors, E&G, Patrician Window Coverings and Houston Chronicle Publishing.

 Ellington Trade Center features 24’ and 28’ minimum clear heights, dock high configuration, 200’ shared truck courts and 18.23 acres of developable land for a potential future industrial property.

Trent Agnew
HFF’s investment sales team was led by senior managing director Rusty Tamlyn and director Trent Agnew.

“We are happy to announce the closing of this transaction after completing a targeted marketing effort on behalf of our seller,” Agnew said. 

“Lincoln Advisory Group recognized the upside potential that the offering presents via the development tract as well as the rent roll of tenants that need to be at this location in order to service the expanding population base on the south and southeast sides of Houston.”

  For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |


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