MDH Partners Closes on Two Warehouses in Less Than 30 Days

MDH Partners recently acquired two industrial warehouses in Corpus Christi and Edinburg, closing on the transaction in less than 30 days. Both properties are leased to HVAC provider Goodman Distribution Inc., which recently signed 10-year triple-net leases on the two warehouses.

“The purchase of the Goodman portfolio further demonstrates our commitment to long-term investment in the rapidly growing Texas industrial market,” said Georga Rowe, managing director at MDH Partners. “These warehouses are strategically located with easy access to major freeways, and the business-friendly environment, labor force and room for future growth position Goodman for continued success over the next 10 years. We remain aggressive and strategic in the expansion of our industrial portfolio this year, and we look forward to maintaining this momentum in the months ahead.”

Located at 5609 Park Rd., the 40,680-square-foot warehouse in Corpus Christi is situated on 2.19 acres. The asset features new tilt-wall construction, five dock-high doors, one grade-level door and three pickup truck-high doors.

Approximately 140 miles south of Corpus Christi located at 301 West Owassa Rd. in Edinburg, the second 41,875-square-foot warehouse is situated on 3.60 acres and also features tilt-wall construction, five dock-high doors and two grade-level doors. The warehouses were developed by Stream Realty Partners.