{"id":1004106114,"date":"2014-10-23T19:59:34","date_gmt":"2014-10-24T03:59:34","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=301425"},"modified":"2020-05-18T22:17:49","modified_gmt":"2020-05-19T06:17:49","slug":"cabot-properties-closes-on-houston-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-closes-on-houston-industrial-portfolio\/","title":{"rendered":"Cabot Properties Closes on Houston Industrial Portfolio"},"content":{"rendered":"<p><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<div id=\"attachment_301426\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Clay-Campbell-Distribution-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-301426\" title=\"Clay Campbell Distribution Center\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Clay-Campbell-Distribution-Center.jpg\" alt=\"\" width=\"300\" height=\"180\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Clay Campbell Distribution Center<\/p>\n<\/div>\n<p>Cabot Properties Inc., a Boston-based private equity REIT, has just closed on a three-building industrial portfolio in Houston. The announcement was made through HFF, which brokered the transaction on behalf of the seller, East Group Properties. Totaling 243,100 square feet, the portfolio consists of Clay Campbell I and II and the Kirby Business Center. At the time of the transaction, the assets were fully leased.<\/p>\n<p>Clay-Campbell I and II are located at 4300-4320 and 4444-4456 Campbell Road in northwest Houston, one of the city&#8217;s most thriving industrial submarkets. As we have <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/houston\/triten-real-estate-partners-breaks-ground-on-final-building-in-intrepid-business-park-2\/1004105705.html\">reported<\/a> last week, the northwest region has about 133.4 million square feet of developed industrial space, of which only 5.5 million square feet are vacant. The industrial buildings were completed in 1982 and encompass about 117,000 square feet.<\/p>\n<p>Kirby Business Center is located at 9350-9370 South Point Drive, south of NRG Stadium and the Texas Medical Center. Due to its proximity to Loop 610, the asset allows easy access to all major freeways. The south industrial market has also been prospering, according to <a href=\"https:\/\/www.cbre.com\/EN\/Pages\/Home.aspx\" rel=\"nofollow\">CBRE<\/a> research data. For the third quarter of 2014, south Houston registered a 3.3 percent vacancy rate.<\/p>\n<p>\u201cBecause of their tremendous functionality, these assets have enjoyed a strong historical performance under EastGroup\u2019s ownership and generated significant interest from both institutional and private capital investors,\u201d said HFF Director Trent Agnew. \u201cLike EastGroup, Cabot continues to be bullish on Houston\u2019s long-term prospects, and these assets are a great complement to their current holdings and give them exposure to the market within their latest fund.\u201d<\/p>\n<p><em>Image Courtesy of EastGroup via Official <a href=\"https:\/\/www.eastgroup.net\/\" rel=\"nofollow\" >Website <\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cabot Properties Incorporated, a Boston-based private equity REIT, has just closed on a three-building, industrial portfolio in Houston. The announcement was made through HFF, which brokered the transaction on behalf of the seller, East Group Properties.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21742],"tags":[],"class_list":["post-1004106114","post","type-post","status-publish","format-standard","hentry","category-houston","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cabot Properties Closes on Houston Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-closes-on-houston-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabot Properties Closes on Houston Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"Cabot Properties Incorporated, a Boston-based private equity REIT, has just closed on a three-building, industrial portfolio in Houston. The announcement was made through HFF, which brokered the transaction on behalf of the seller, East Group Properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-closes-on-houston-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-24T03:59:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T06:17:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Clay-Campbell-Distribution-Center.jpg\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cabot-properties-closes-on-houston-industrial-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cabot-properties-closes-on-houston-industrial-portfolio\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"Cabot Properties Closes on Houston Industrial Portfolio\",\"datePublished\":\"2014-10-24T03:59:34+00:00\",\"dateModified\":\"2020-05-19T06:17:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cabot-properties-closes-on-houston-industrial-portfolio\\\/\"},\"wordCount\":274,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cabot-properties-closes-on-houston-industrial-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/Clay-Campbell-Distribution-Center.jpg\",\"articleSection\":[\"Houston\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cabot-properties-closes-on-houston-industrial-portfolio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cabot-properties-closes-on-houston-industrial-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cabot-properties-closes-on-houston-industrial-portfolio\\\/\",\"name\":\"Cabot Properties Closes on Houston Industrial Portfolio - 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