350K-SF East Belt Business Park Goes to Boston Buyer

A fund advised by Morgan Stanley Real Estate Investing ended its long-term hold on East Belt Business Park, a four-building, Class A industrial project totaling 350,000 square feet. The property at 1455-1485 E. Sam Houston Pkwy. S. in Pasadena, TX, sold to TA Realty of Boston for an undisclosed amount.

Trent Agnew, Rusty Tamlyn, Charlie Strauss and Tom Weber with JLL represented the seller.

Situated on 23.7 acres in Houston’s southeast submarket, East Belt Business Park was developed between 2004 and 2008. The property consists of two rear-load and two cross-dock buildings featuring 20- to 24-foot clear heights.

“East Belt Business Park is a unique property that caters to tenants of varying sizes in a market focused on big box development,” Agnew said. “This was a highly competitive process that proved investor demand for high-quality product with upside potential.”

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