Fairbanks Logistics Park, Constructing 1. Picture courtesy of Affinius Capital
Dalfen Industrial has bought Fairbanks Logistics Park, a not too long ago accomplished, Class A industrial park totaling 1 million sq. toes, in Houston. Affinius Capital supplied a $90.6 million, variable charge acquisition mortgage.
The vendor was Funding & Improvement Ventures, CommercialEdge information reveals. The identical supply reveals that Stream Realty Companions has been tapped as leasing agent.
A multi-tenant industrial location in northwest Houston
Fairbanks Logistics Park’s accomplished buildings embody:
- Constructing 1, situated at 8702 Fairbanks N. Houston Street, totaling 258,204 sq. toes and together with two grade-level doorways, 61 dock-high doorways and 287 parking spots.
- The 244,128-square-foot Constructing 2, situated at 8710 Fairbanks N. Houston Street, together with 4 grade-level doorways, 50 dock-high doorways and 248 parking spots.
- The 287,470-square-foot Constructing 3, together with two grade-level doorways, 68 dock-high doorways and 299 parking spots, situated at 8718 Fairbanks N. Houston Street.
- Positioned at 8726 Fairbanks N. Street, the 221,719-square-foot Constructing 4 contains 47 dock-high doorways, two grade-level doorways and 166 parking spots.
All buildings additionally embody 32-foot clear heights, workplace elements, LED lighting methods, dock gear and an extra 5-acre paved yard with 148 trailer parking spots. The logistics park is located on an roughly 100-acre lot, inside Houston’s Cypress West submarket, 17 miles from George Bush Intercontinental Airport, 19 miles from downtown Houston, 26 miles from Port of Houston and inside 62 miles of Port of Texas Metropolis.
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Because the Port of Houston is continuous its enlargement, there may be an elevated demand for Class A industrial merchandise and Fairbanks Logistics Park represents a sought-after location for tenants in search of easy accessibility to the Houston area, famous Affinius Capital Managing Director Tom Burns in ready remarks. A Stream Realty Companions group together with Senior Vice President Jeremy Lumbreras, Vice President Garret Geaccone and Managing Director Tyler Maner are advertising the logistics park for lease, CommercialEdge information reveals.
Earlier in June, Wells Fargo Financial institution originated a $90 million acquisition mortgage for 2 MDH Companions purchases. Totaling 1.6 million sq. toes, the 2 properties are the 603,389-square-foot South Belt Central Constructing 4 in Houston and the 973,218-square-foot Nice Valley Commerce Middle in Atlanta.
