Chicago toddling on down to H-Town’s Alamo Crossing

HOUSTON – The Alamo Crossing Commerce Center, which encompasses more than 1,000,000 sf across four buildings, has been sold.

The complex, located along Hwy. 290 between the Sam Houston Tollway and I-610, is currently 100 percent leased. Current tenants include Ford Motor Company.

Cornerstone Real Estate Advisers Inc. is hoping to capitalize on a booming industrial market in Houston. The market grew in 2013, and will continue to do so, according to a report compiled by Commercial Gateway, the commercial division of the Houston Association of Realtors.

Vacancy in the industrial market overall is at 7.1 percent, slightly down from third quarter 2013’s 7.3 percent, but higher than the 6.7 percent recorded a year ago, reports Commercial Gateway. Manufacturing space has the lowest vacancy of 5.2 percent.