Arden Logistics Parks Acquires Industrial Facility in Houston, TX

Arden Logistics Parks (ALP) a logistics real estate operating platform launched by the Arden Group, announced the acquisition of 9525 Wallisviile, a two-building complex located in Houston, TX. The acquisition adds 203,421 square feet of industrial space to ALP’s existing 7.5-million, square-foot national portfolio, including 1 million square feet in Texas.

“The industrial sector throughout the country continues to set new records, as demand by logistics and e-commerce companies far outpaces supply,” said Barbara Rea, COO of the Arden Logistics Parks. “We are thrilled to close on the acquisition of this asset located in one of the nation’s top industrial core submarkets, strategically situated in the urban east side of Houston, which offers direct access and utilization of the Port of Houston.”

Wallisville is a two-building, low coverage industrial complex featuring clear heights ranging from 24’ to 30’. The facility is in the Northeast I-10 Houston industrial submarket.

The Jones Lang Lasalle (JLL) Houston Investment Sales team of Rusty Tamlyn, Trent Agnew, Charlie Strauss and Jack Moody represented the seller in the transaction. The JLL Debt Capital Markets team of James Brolan and John David Johnson arranged the financing on behalf of ALP.