Welcome Group Acquires Three-Building Industrial Portfolio
Houston-based Welcome Group, LLC, has acquired the 3004 Aldine Bender Complex for an undisclosed sum. This industrial property offers three leased, single-tenant buildings featuring a total of 116,790 square feet on approximately 38.09 acres.
The tenant roster at the Aldine Bender Complex includes Kellogg Brown & Root, LLC; Circle 8 Services, Inc; and SRS Distribution, Inc. Also included in the property is an 18.6-acre stabilized pipe yard leased by Edgen Murray Corporation.
“The ongoing and accelerated growth of Welcome Group LLC is further proof of our company’s dedication to serving our clients through seamless and fruitful acquisitions,” said CEO Welcome Wilson, Jr.
Ryan Wasaff, SVP of Welcome Reality Advisors, and John Wilson, Welcome Realty Advisors consultant, represented Welcome Group in the transaction. Partial financing for the acquisition was provided by an existing industrial property acquisition facility agented by the Houston office of the Spirit of Texas Bank.
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