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| Ellington Trade Center, Southeast Houston, TX |
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| 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.
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| 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 | www.hfflp.com
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