KDC, Harbert Sell Three-Building Industrial Project in Houston

HOUSTON — KDC and Harbert Real Estate Fund III LLC have sold Ellington Trade Center, a three-building industrial project totaling 513,800 square feet and 18.2 acres of developable land in southeast Houston. HFF represented the sellers in the transaction. Lincoln Property Co., through its investment advisory affiliate, Lincoln Advisory Group, purchased the property on behalf of an institutional client. Situated on more than 36 acres at 12552, 12554 and 12556 Highway 3, Ellington Trade Center is located across the street from Ellington Airport. The 98.6 percent leased center is home to tenants including FedEx, Lennox Industrial, Goodman Distribution, SCP Distributors, E&G, Patrician Window Coverings and Houston Chronicle Publishing. Ellington Trade Center features 24- and 28-foot minimum clear heights, dock high configuration and 200 shared truck courts. HFF’s Rusty Tamlyn and Trent Agnew led the investment sales team.