93K-SF LabCorp Building Sells to GBP Industrial

California-headquartered Goldrick & Kest sold a 93,000-square-foot, flex/R&D building at 7207 N. Gessner Dr. in Houston. GBP Industrial acquired the asset, which is 100% occupied by LabCorp, a healthcare diagnostics company headquartered in Burlington, NC.

Dustin Volz, Kevin McConn, Rick Goings, Zane Marcell, and Grant Matthews led the JLL team on the transaction. The sales price on the Class B building was not disclosed. The Harris Central Appraisal District valued the asset at $8.7 million.

The 20-year-old asset features two buildings, and is near U.S. 290 and Beltway 8 in northwest Houston. “The asset’s location in the growing northwest Houston submarket, coupled with strong tenancy and recent technology upgrades, made this an attractive offering to the buyer,” Volz said.

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