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Meritex Increases Local Portfolio with Park 225 Buy

Meritex Co. boosted its Houston-area portfolio by 121,520 square feet with its acquisition of Park 225, a multi-tenant light-industrial building. The buy is the Minneapolis-based buyer’s third in the region, bringing its industrial portfolio to approximately 500,000 square feet.

Investment & Development Ventures LLC sold Park 225, which sits on 7.2 acres at 4020 Flowserve Way in Pasadena, TX. Tom Lynch with CBRE negotiated the transaction. Stream Realty Partners will manage the property.

Meritex also owns 205,000 square feet at 200 Portwall St. in Houston, and a 104,017-square-foot warehouse at 1251 Clay Court in Deer Park, TX. Texas is a key expansion destination for Meritex, which is also eyeing potential investments in the Dallas-Fort Worth area.

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Inside The Story

Read More at BusinesswireConnect with MeritexConnect wtih CBRE's Lynch

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition