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Duke Realty Adds Houston Facility to Portfolio
Bayport Distribution Center II, a two-building, Class A industrial warehouse in Houston, has sold. The fully-leased property totals 772,500 square feet, and is located in the southeastern suburb of Pasadena near the Port of Houston.
Indianapolis-based Duke Realty Corporation purchased the property for an undisclosed price from Mountain West Industrial Properties and an unnamed institutional partner.
The facility was constructed in 2008, and comprises one 600,000-square-foot building and one 172,500-square-foot building that are occupied by three tenants. The building features clear heights ranging from 24 to 30 feet, and a total of 157 dock-high doors and eight drive-in ramps. It is situated on 41.71 acres at 4331 and 4033 Underwood Rd. in Pasadena.
HFF’s Trent Agnew, Rusty Tamlyn and Dane Petersen represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition