Prologis adds 57,000 SF to NW Houston industrial portfolioPrologis adds 57,000 SF to NW Houston industrial portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=30262014-09-18T13:06:00Z2014-09-18T00:00:00Z

HOUSTON - A 57,550-sf tilt wall, crane-served warehouse and distribution center, 15151 Sommermeyer, has been sold. The property sits on 3.4 acres at US 290 and Sam Houston Pkwy.

The building is fully leased by Proserv Operations, a global oilfield services firm.

Prologis, a San Francisco-based real estate investment trust, purchased the center in the Prologis Park West by Northwest industrial complex from Foundation Properties.

“Prologis was the logical buyer since they developed most of the park and now own 20 of the 26 buildings comprising the park,” real estate broker Rusty Tamlyn of HFF said in an announcement.

Prologis recently purchased three properties totaling 219,452 sf in Prologis Park NorthPark at 433, 533 and 600 NorthPark Central Dr. The portfolio, developed by J.A. Billipp Co., is 100 percent leased to five tenants.

Houston Chronicle
Houston-The Woodlands-Sugar Land
http://blog.chron.com/primeproperty/2014/09/prologis-adds-to-northwest-industrial-park-portfolio/Read more at {Source}

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