{"id":1004164447,"date":"2017-01-18T04:33:25","date_gmt":"2017-01-18T12:33:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004164447"},"modified":"2022-12-09T02:55:51","modified_gmt":"2022-12-09T10:55:51","slug":"gupta-partners-acquires-first-industrial-complex-in-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gupta-partners-acquires-first-industrial-complex-in-houston\/","title":{"rendered":"Gupta Partners Acquires First Industrial Complex in Houston"},"content":{"rendered":"

By Anca Gagiuc<\/em><\/p>\n

\"Beltway<\/a>

Beltway 8 Industrial Park, Houston<\/p><\/div>\n

Houston<\/strong>\u2014Michigan-based Gupta Partners\u00a0announced the acquisition of the 276,000-square-foot, nine-building Beltway 8 Industrial Park located on the west side of West Sam Houston Parkway North\u00a0in Houston.<\/p>\n

Moody Rambin represented both parties in the transaction\u2014Bradley Kovach represented Gupta Partners, while Jim Autenreith represented the seller, a California-based investment group. Furthermore, Moody Rambin will handle leasing and management responsibilities at\u00a0the complex. The property was 88 percent occupied at the time of the deal; the financial details were not disclosed.<\/p>\n

The industrial asset situated on 9.32 acres at 5829 W Sam Houston Parkway North offers flex space for small businesses from 2,400 to 12,000 square feet. Major tenants include Jace Auto Wheel and Tire Specialists and Lumber Liquidators.<\/p>\n

“Beltway 8 Industrial Park’s location, occupancy and tenant mix were significant factors in this acquisition,” said Jonathan Gupta in a prepared statement. “This property complements and diversifies our long-term investments in Houston.”<\/p>\n

“Increasing density in all types of real estate is pushing demand for small-space users, particularly in the service center category,” added Bradley Kovach, senior vice president, Moody Rambin. “This location offers added value and quality in a business address with Beltway 8 frontage and visibility.”<\/p>\n

Aside from the Beltway 8 Industrial Park, Gupta Partners owns an office portfolio in the Houston area that is 88 percent leased. The portfolio includes 10700 Richmond and 3200 Wilcrest in the Westchase submarket; 2180 and 2190 North Loop West in the North Loop area; 12946 Dairy Ashford in Sugar Land and 550 Westcott in Midtown.<\/p>\n

Image courtesy of Moody Rambin<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Moody Rambin will handle leasing and management responsibilities on behalf of the owner.<\/p>\n","protected":false},"author":237,"featured_media":1004164449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1589,21748,21783,21742],"tags":[],"class_list":["post-1004164447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-houston","category-industrial","category-investment","category-latest"],"acf":[],"yoast_head":"\nGupta Partners Acquires First Industrial Complex in Houston - 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\/gupta-partners-acquires-first-industrial-complex-in-houston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gupta Partners Acquires First Industrial Complex in Houston\" \/>\n<meta property=\"og:description\" content=\"Moody Rambin will handle leasing and management responsibilities on behalf of the owner.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gupta-partners-acquires-first-industrial-complex-in-houston\/\" \/>\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=\"2017-01-18T12:33:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:55:51+00:00\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Beltway-8-Industrial-Park-Houston.jpg\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gupta-partners-acquires-first-industrial-complex-in-houston\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/gupta-partners-acquires-first-industrial-complex-in-houston\/\",\"name\":\"Gupta Partners Acquires First Industrial Complex in Houston - 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