122
LA PORTE — Meritex has acquired a two-building, warehouse portfolio in La Porte. 3Ds Porte LLC sold the 313,000-square-foot portfolio for an undisclosed price. The Class A properties range in size from 115,000 to 198,000 square feet. Additionally, Meritex acquired the rights to purchase a 13-acre land parcel located between the two buildings. The land parcel is capable of supporting an additional 150,000 square feet of warehouse development. The portfolio, which is 100 percent occupied, will be managed by Meritex. Terms of the transaction were not released.