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Apr

04

Prologis Acquires 4-Building Industrial Distribution Center in Houston

By Tony Seruga

HFF announced it has closed the sale of a four-building Class B industrial distribution center in the West by Northwest Industrial Park in Houston. Prologis Inc. acquired the property from TH Real Estate. HFF represented the seller, an affiliate of Nuveen, the investment management arm of TIAA.

The distribution center totals 809,196 square feet and consists of the buildings at 14902 and 15002 Sommermeyer, 6450 Clara St. and 10410 Papalote St. in Houston’s northwest industrial submarket. The assets are situated on 39.6 acres near the intersection of Beltway 8 and U.S. 290, deemed as the “main and main” intersection for bulk industrial product. The front-load distribution buildings feature 14.2 percent office finish and clear heights ranging from 20 to 24 feet…

Prologis Acquires 4-Building Industrial Distribution Center in Houston

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