JLL Negotiates Sale of Industrial Net-Leased Portfolio In Houston To Local Investor
JLL Capital Markets announced today that it has closed the sale of and arranged acquisition financing for a 72,980-square-foot portfolio comprising three net-leased industrial properties in markets in and around Houston, TX.
JLL marketed the portfolio for the seller, Finial Group. Houston-based NDP Interests, LLC, acquired the asset. Additionally, JLL worked on behalf of the new owner to secure a 10-year, fixed-rate acquisition loan with First Community Credit Union (FCCU).
The portfolio includes buildings located at 9841 Windmill Park Lane in Houston, 20404 Whitewood Dr. in Spring and 1114 Seaco Ave. in Deer Park. The single-tenant buildings are fully leased to Global Drilling Support; Forge Systems, Inc. and Intertek USA, Inc. and offer strategic locations in some of the most in-demand and high-growth submarkets within Houston’s Grand Parkway. These mission-critical positions serve major population centers that include about 7.15 million residents within the Houston MSA. A price in the transaction was not disclosed.