January 8, 2018 Comments Off on Chrisman Road Adds 122K SF to Holdings Views: 2437 Houston-Galveston, Texas News

Chrisman Road Adds 122K SF to Holdings

Connect Houston is right around the corner! Log on here for more details.

Chrisman Road Property LLC added to its Port of Houston holdings with two industrial acquisitions. The Houston buyer nabbed an 81,936-square-foot asset in Pasadena, TX from Bart Industries LP, and acquired a 40,000-square-foot asset in La Porte, TX from Bayou Properties Co. The sales price for both transactions were undisclosed.

Clay Pritchett with NAI Partners represented the buyer. “This private investor sold a multi-tenant industrial property in Q3 2017 in the north Houston market that had some age on it,” he said. Rather than repairing the property, Chrisman Road exchanged out of it, and “sought class B investment properties with upside potential for a long-term investment hold,” Pritchett said.

The Pasadena property is on 22 acres at 1605 Genoa Red Bluff Rd. John Ferruzzo and Chris Kugle of NAI Partners represented Bart Industries in the sale. In La Porte, seller Bayou Properties was self-represented. The asset is on 2.1 acres at 400-403 N. 10th St.

Connect with NAI Partners’ Pritchett

Connect with NAI Partners’ Ferruzzo

Connect with NAI Partners’ Kugle

Get CRE News in 150 words

For comments, questions or concerns, please contact Texas Commercial Real Estate News Editor Amy Sorter

Tags: ,

Comments are closed.

Send this to a friend