Industrial Property Trust avalanche in Houston with 191K-SF industrial pick upIndustrial Property Trust avalanche in Houston with 191K-SF industrial pick uphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=125592016-03-22T05:00:00Z2016-03-22T17:15:00Z

​​HOUSTON - A Denver-based company has purchased close to 200,000 sf of industrial space in Houston as part of a larger deal spanning across Texas, Kentucky and Oklahoma.

Industrial Property Trust purchased the building at 302 West Rd., near the convergence of Beltway eight and I-45, for $59.9 million, the Houston Chronicle reports.

The 190,565-sf building is fully leased to Victory Packaging, a Houston-based packaging services and distribution company.
The deal will boost Industrial Property Trust's Houston presence significantly.

Before the deal, it had grown its portfolio in the city to 1.7 million sf, according to the Chronicle.

In addition to the Houston property, Industrial Property Trust scooped up four other industrial buildings occupied by Victory Packaging, according to Fort Worth Business. The five buildings total more than 1 million sf:
•    a 247,861-sf building at 1610 Cornerway Blvd. in San Antonio
•    a 327,733-sf building at 15101 Grand River Rd. in Fort Worth
•    a 150,000-sf building at 7400 Trade Port Dr. in Louisville
•    a 80,400-sf building at 4949 Southwest 20th St. in Oklahoma City

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/morning_call/2016/03/denver-co-boosts-houston-presence-with-massive.htmlRead more at {Source}

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