The corporate plans so as to add one other 725,000 sq. toes to its native footprint by year-end.
Fort Capital has acquired a 711,399-square-foot industrial portfolio in Houston, consisting of 23 Class B buildings throughout suburban submarkets. This marks the most important acquisition made by the corporate to this point.
Fort Capital plans so as to add one other 725,000 sq. toes to its Houston portfolio by the top of the yr, bringing its total complete to six million sq. toes, a call influenced by robust fundamentals within the Houston market, as acknowledged in ready remarks by Jason Baxter, CEO of Fort Capital. Since 2020, the corporate acquired 3 million sq. toes within the Houston market.
The portfolio is 75 p.c leased to a various roster of tenants. Listed below are a few of the newly acquired property:
- Emmott Enterprise Middle at 8807 Emmott Highway
- Eldridge Enterprise Middle at 6830 N. Eldridge Parkway
- West Belt Enterprise Middle at 6125 W. Sam Houston Parkway N.
- Keough Enterprise Middle at 16623 Aldine Westfield Highway
The properties are proximate to main transportation arteries, similar to interstates 10, 45 and 610, Sam Houston Tollway, U.S. 290 and 59, that connects tenants to Houston Ship Channel, George Bush Intercontinental Airport and Houston Interest Airport.
Simply final month, Liberty Growth Companions acquired a 1,158-acre campus within the Houston space, planning to accommodate 14.7 million sq. toes of growth.
