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NIT Industrial Buys Again; Acquires 151K-SF DC

NIT Industrial made its second Houston acquisition in the past six months, buying a 151,260-square-foot distribution center on the metro’s northwest side, adjacent to an Amazon distribution facility. The buyer, headquartered in The Woodlands, TX, struck the deal with seller STAG Industrial of Boston, MA.

The seller was represented by Ryan Byrd and Walker Barnett of Colliers International. Jason Tangen, also of Colliers International, negotiated on behalf of the buyer.

NIT Industrial was attracted to the property at 12614 Hempstead Hwy., based on its location and strength of the immediate submarket. Colliers International will represent the new owner in its marketing and leasing efforts; NIT Industrial is planning to make capital improvements geared toward immediate tenant move-in.

Earlier in 2019, NIT Industrial acquired 12.8 acres in Baytown, TX’s Cedar Port Industrial Park, where it is planning a four-building speculative industrial park totaling 204,000 square feet.

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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.

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