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| 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.
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| 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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