{"id":1004193231,"date":"2017-10-09T07:06:26","date_gmt":"2017-10-09T15:06:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004193231"},"modified":"2022-12-08T13:56:54","modified_gmt":"2022-12-08T21:56:54","slug":"jll-closes-sale-leaseback-of-industrial-asset-in-northwest-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-closes-sale-leaseback-of-industrial-asset-in-northwest-houston\/","title":{"rendered":"JLL Closes Sale-Leaseback of Northwest Houston Industrial Asset"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<div id=\"attachment_1004193236\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/7350-Langfield-r2.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004193236\" data-attachment-id=\"1004193236\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-closes-sale-leaseback-of-industrial-asset-in-northwest-houston\/7350-langfield-r2-800x620\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/7350-Langfield-r2-800x620.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Matthews, Grant&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1504876903&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"7350 Langfield &#8211; r2 800&#215;620\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;7350 Langfield Road, Houston, Texas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/7350-Langfield-r2-800x620.jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004193236 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/7350-Langfield-r2.jpg\" alt=\"7350 Langfield Road, Houston, Texas\" width=\"300\" height=\"233\" \/><\/a><p id=\"caption-attachment-1004193236\" class=\"wp-caption-text\">7350 Langfield Road, Houston, Texas<\/p><\/div>\n<p>JLL\u2019s Capital Markets Group completed the <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-arranges-sale-leaseback-of-austin-health-facility\/\">sale-leaseback<\/a> of an 133,480-square-foot industrial distribution facility at 7350 Langfield Road in northwest Houston. Industrial Property Trust (IPT) acquired the property from Warrior Creek Realty, a subsidiary of the entity that owns the tenant occupying the entire building. T&amp;L Distributing will lease back 100 percent of the property from IPT.<\/p>\n<p>The industrial asset features 34 dock-high doors, 30-foot clear heights, outside storage and easy access to U.S. Highway 290 and Beltway 8. Senior Vice Presidents Dustin Volz and Kevin McConn, Vice President Zane Marcell and Associate Grant Matthews led the JLL team on the sale-leaseback.<\/p>\n<p><em>\u201cWe are seeing sustained demand for quality distribution space in Houston, particularly in the northwest industrial submarket,\u201d<\/em> said Volz. <em>\u201cIndustrial Property Trust owns a number of surrounding assets near 7350 Langfield and were interested in acquiring more properties in the area. The resulting transaction brought value to both the buyer and seller.\u201d<\/em><\/p>\n<p><em>Image courtesy of JLL<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new owner and lessor of the property, Industrial Property Trust, will lease the entire facility to the tenant that currently occupies it.<\/p>\n","protected":false},"author":237,"featured_media":1004193236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1589,21748,21783,21742],"tags":[33066,32796,37906,37905],"class_list":["post-1004193231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-houston","category-industrial","category-investment","category-latest","tag-industrial-property-trust","tag-jll","tag-tl-distributing","tag-warrior-creek-realty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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