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414K-SF Industrial Portfolio Has New Owner
EastGroup Properties sold its four-building industrial portfolio, called Techway Southwest Business Park, to Cabot Properties for $33 million. CBRE’s Jack Fraker, Randy Baird, Heather McClain Venegoni and Tom Lynch marketed the property on behalf of the Jackson, MS-based seller. The sales price of the southwest Houston asset was not disclosed.
The 414,540-square-foot portfolio at Bissonnet Street near Beltway 8 (Sam Houston Tollway) was 100% leased at the time of sale to tenants including Bass Computers and Sun & Ski. The business park was built between 1999-2008. EastGroup has owned the assets from the start.
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