HOUSTON — JLL has brokered the sale of a portfolio of three industrial properties in Houston: Central Green Corporate Center (516,134 square feet), North Houston Logistics Center Building G (351,400 square feet) and West Little York (153,188 square feet). Known as the NxNW Houston Class A Logistics Portfolio by virtue of the properties’ locations on the city’s north and northwest sides, the approximately 1 million-square-foot portfolio comprises six buildings with an average vintage of 2016 and clear heights that range from 26 to 36 feet. Trent Agnew, Charlie Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the undisclosed seller in the transaction. The buyer was a fund backed by Ares Management Corp. The portfolio was 95 percent leased to 10 tenants at the time of sale.
Pictured is West Little York, one of three Houston industrial properties in the recently sold portfolio. Marq Logistics, which represents Ares’ vertically integrated global logistics real estate platform, will manage the portfolio going forward.
JLL Brokers Sale of 1 MSF Industrial Portfolio in Houston
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