{"id":1004171201,"date":"2017-04-04T04:56:59","date_gmt":"2017-04-04T12:56:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004171201"},"modified":"2022-12-07T14:24:38","modified_gmt":"2022-12-07T22:24:38","slug":"prologis-acquires-4-building-industrial-distribution-center-in-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prologis-acquires-4-building-industrial-distribution-center-in-houston\/","title":{"rendered":"Prologis Acquires 4-Building Industrial Distribution Center in Houston"},"content":{"rendered":"

By Anca Gagiuc<\/p>\n

HFF announced it has closed the sale of a four-building Class B industrial distribution center in the West by Northwest Industrial Park in Houston. Prologis Inc. acquired the property from TH Real Estate.\u00a0HFF represented the seller, an affiliate of Nuveen, the investment management arm of TIAA.<\/p>\n

The distribution center\u00a0totals 809,196 square feet and consists of the buildings at 14902 and 15002 Sommermeyer, 6450 Clara St. and 10410 Papalote St. in Houston\u2019s northwest industrial submarket. The assets are situated on 39.6 acres near the intersection of Beltway 8 and U.S. 290, deemed as the “main and main” intersection for bulk industrial product. The front-load distribution buildings feature 14.2 percent office finish and clear heights ranging from 20 to 24 feet.<\/p>\n

At the time of the deal, the property was 95 percent occupied to property tenants including Tercel Oilfield Products USA, LSI Integrated Graphics, Sweet Mesquite Bakery, Mason Road Sheet Metal and Southern Container.\u00a0Senior Managing Director Rusty Tamlyn and Director Trent Agnew led HFF\u2019s investment sales team.\u00a0The property generated more than 10 offers from institutional investors.<\/p>\n

Given its location, historical occupancy and institutional maintenance ownership, this collection of assets generated significant interest from the investment community<\/em>, Tamlyn said in a prepared statement. Prologis now owns 24 of the 26 assets in this business park and has a long history in the area, so they were a logical buyer.<\/em><\/p>\n

Images courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Class B distribution warehouses, located in Houston\u2019s West by Northwest Industrial Park, total 809,196 square feet and have generated more than 10 offers from institutional investors. <\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1589,21748,21783,21742],"tags":[32792,32956,32870],"class_list":["post-1004171201","post","type-post","status-publish","format-standard","hentry","category-deals","category-houston","category-industrial","category-investment","category-latest","tag-hff","tag-prologis","tag-th-real-estate"],"acf":[],"yoast_head":"\nPrologis Acquires 4-Building Industrial Distribution Center 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\/prologis-acquires-4-building-industrial-distribution-center-in-houston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prologis Acquires 4-Building Industrial Distribution Center in Houston\" \/>\n<meta property=\"og:description\" content=\"The Class B distribution warehouses, located in Houston\u2019s West by Northwest Industrial Park, total 809,196 square feet and have generated more than 10 offers from institutional investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prologis-acquires-4-building-industrial-distribution-center-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=\"2017-04-04T12:56:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T22:24:38+00:00\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\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\\\/prologis-acquires-4-building-industrial-distribution-center-in-houston\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-acquires-4-building-industrial-distribution-center-in-houston\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Prologis Acquires 4-Building Industrial Distribution Center in Houston\",\"datePublished\":\"2017-04-04T12:56:59+00:00\",\"dateModified\":\"2022-12-07T22:24:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-acquires-4-building-industrial-distribution-center-in-houston\\\/\"},\"wordCount\":234,\"keywords\":[\"HFF\",\"Prologis\",\"TH Real Estate\"],\"articleSection\":[\"Deals\",\"Houston\",\"Industrial\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-acquires-4-building-industrial-distribution-center-in-houston\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-acquires-4-building-industrial-distribution-center-in-houston\\\/\",\"name\":\"Prologis Acquires 4-Building Industrial Distribution Center in Houston - 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