Houston, TX – Matthews Real Estate Investment Services™, the nation’s fastest-growing commercial real estate company, recently brokered the sale of a multi-tenant industrial asset in Houston, TX. Houston is the most populous city in Texas and the fourth most populous city in the U.S. The transaction was brokered by Matthews™ industrial experts Associate Kate Fernandez and Market Leader Andrew Gross.
The industrial property is located at 14310-14329 Interdrive E. Houston, TX. It is less than 5 miles from the Houston George Bush Intercontinental Airport and 20 miles from the port of Houston. The building was built in 1995 and features multiple tenants on a five-acre lot. The property boasts a rental square footage of ±66,853 square feet. Trident Crating & Services, RGR Logistics, Energy Freight Systems, and Realrona/Rosen currently occupy the space. All the tenants are suited to Houston’s shipping industry.
“This transaction illustrated the tremendous push we have seen for Industrial assets since the beginning of the COVID-19 pandemic,” explained Associate Kate Fernandez. “Despite the uncertainties felt in the face of COVID-19, we were able to capitalize on the increased demand for industrial assets to close this deal.”
Matthews™ agents represented the seller and sourced the buyer. The seller was a private client with a desire to refocus his efforts on his core business. The seller benefited from a quick close with a high probability buyer. The buyer in the transaction was a buyer-broker from Texas who was in search of multi-tenant industrial assets. Texas is an income-tax-free state providing additional value to investors.
“We worked in tandem to market the deal to local and national buyers in our proprietary database. We fielded offers from local Texas buyers and nationwide institutional investors,” said Market Leader Andrew Gross. “Our shared database, persistence, and emphasis on teamwork enabled us to successfully broker the transaction.”
For more information regarding this closing, or if you have any other questions related to industrial assets in Texas, please do not hesitate to reach out to Kate Fernandez and Andrew Gross. To view current listings, please visit www.matthews.com.
About Matthews REIS™
Matthews Real Estate Investments Services™, the nation’s fastest-growing commercial real estate brokerage firm, holds recognition as an industry leader in investment sales and leasing. Founded in El Segundo, CA, and strategically positioned with over 300 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.