 |
| Rusty Tamlyn |
HOUSTON, TX – HFF announced it has closed the sale of a
five-property, 709,114-square-foot industrial portfolio in Houston, Texas.
HFF
marketed the portfolio on behalf of the seller. Industrial Income Trust (IIT) purchased the assets for an
undisclosed amount.
The
portfolio is 98.5 percent leased overall.
The properties included in the portfolio are: 9830-9856 East Freeway
(Eastport 8); 6323 Brookhill Drive (Lone Star 3); 552-598 Garden Oaks Boulevard
(Pine Forest 18); 4601 South Pinemont (Pineway 1) and 3800-3898 West 11th
Street.
 |
| Trent Agnew |
The
HFF investment sales team representing the seller was led by senior managing
director Rusty Tamlyn and associate director Trent Agnew.
“Industrial Income Trust is expanding their presence in the Houston area
as earlier in the year, HFF sold them the Northwest 8/Windfern assets,” said
Tamlyn. “The assets within this
portfolio were predominately dock hi, front load warehouse buildings with low
office finish and urban in-fill locations that were substantially leased with
three of the five having new roofs.”
Industrial Income Trust (IIT) is a non-traded real estate investment
trust (REIT) that acquires and operates high-quality distribution warehouses
and other industrial properties that are leased to creditworthy corporate
customers.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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