Friday, December 29, 2017

HFF announces sale of 2-building Class A industrial project near the Port of Houston


Trent Agnew
HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Bayport Distribution Center II, a two-building, Class A, fully leased industrial warehouse project totaling 772,500 square feet in the southeastern Houston suburb of Pasadena near the Port of Houston. 

The HFF team represented the seller, Mountain West Industrial Properties and their institutional partner.  Duke Realty Corporation purchased the property for an undisclosed price. 

Bayport Distribution Center II was constructed in 2008 and comprises one 600,000-square-foot building and one 172,500-square-foot building that are occupied by three tenants.  

The building features clear heights ranging from 24 to 30 feet and a total of 157 dock-high doors and eight drive-in ramps.  Situated on 41.71 acres at 4331 and 4033 Underwood Road in Pasadena, the property is located in the Southeast industrial submarket and near the Port of Houston, which is the nation’s leading breakbulk port and ranked No. 1 in the U.S. in foreign waterborne tonnage, No. 1 in the U.S. in imports and No. 2 in the U.S. in total tonnage.  

Rusty Tamlyn
Additionally, Bayport Distribution Center II is near Sam Houston Tollway (Beltway 8), which allows access to two critical Houston thoroughfares, Interstate 45 and Highway 225. 

HFF’s investment advisory team included senior director Trent Agnew and senior managing director Rusty Tamlyn as well as analyst Dane Petersen. 

Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.
  
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990




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