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Texas  + San Antonio  + Industrial  |  February 15, 2022
David Cohen
By: David Cohen

Welcome Group Acquires Industrial Portfolio in Texas, South Carolina

Single-tenant real estate developer Welcome Group has acquired a five-property industrial portfolio in Texas and South Carolina. The sales price was not disclosed.

The portfolio includes properties in Houston, San Antonio and Charleston, S.C. The company’s Houston acquisitions include a 97,108-square-foot manufacturing/office facility in the Sugar Land Business Park at 522 Gillingham Lane. The firm also purchased a 46,000 square-foot industrial facility at 14740 Kirby Drive in Pearland, TX. In San Antonio, the firm acquired an 80,431-square-foot office/lab space at 6203 Farinon Drive and a 43,860-square-foot office/lab facility at 6603 First Park Ten Blvd.

In South Carolina, the firm acquired a 201,500-square-foot facility roughly 30 miles north of Charleston in the town of Moncks Corner. Sea Fox Boat Company occupies the space to develop and build a variety of saltwater boats.

Welcome Group now owns a portfolio of more than 130 industrial properties spanning more than six million square feet. 

Financing for the firm’s two Houston acquisitions was provided by Veritex Community Bank.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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