238K-SF Houston Industrial Property Changes Hands

Urban Logistics Realty and Formation Interests sold Urban District 290, a 238,200-square-foot industrial property in Houston. CBRE’s Nathan Wynne and Jason Dillee negotiated on behalf of the partnership.

BZO Wheels Houston acquired the asset, financing the purchase with two loans totaling $40 million issued by American First National Bank.

Commercial Edge reports the partnership broke ground on the two-building project in 2022, and the industrial park debuted one year later. Inwood Bank provided financing, while Burton Construction served as general contractor. Powers Brown Architecture and Kimley-Horn provided architectural and engineering services.

Building 1 is a side-load facility measuring 64,800 square feet, while the cross-dock Building 2 encompasses 173,400 square feet.

Located at 5610 Bingle Road, the infill industrial campus is less than 1 mile from U.S. Route 290 and 13 miles northwest of downtown Houston.