Aug
18
Lincoln Property Buys 513KSF Industrial Asset in Houston
ByLincoln Property Co. acquired Ellington Trade Center from KDC and Harbert Real Estate Fund III LLC, in a transaction facilitated by HFF.
The industrial asset was acquired by Lincoln Property Co., through its investment advisory affiliate Lincoln Advisory Group, on behalf of an institutional client.
Located at 12552, 12554 and 12556 Highway 3 in Houston’s Southeast Industrial submarket, Ellington Trade Center is adjacent to Ellington Airport. The property was 98.6 percent occupied at the time of the announcement and is home to tenants such as FedEx, Lennox Industrial, Goodman Distribution, SCP Distributors, E&G, Patrician Window Coverings and Houston Chronicle Publishing. Ellington Trade Center features 24’ and 28’ minimum clear heights, dock high configuration and 200’ shared truck courts…
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