BAYTOWN – Canada-based Pure Industrial Real Estate Trust has drafted a deal to purchase the newly constructed industrial buildings IKEA is leasing. The property is near the Port of Houston.
The REIT buying the two buildings, which total 996,482 sf, will pay approximately $63.5 million.
Check out Houston Industrial Market Research.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.