Corporate Center Fannin I is a Class A, 219,000 SF multi-tenant warehouse in Houston, Texas. The property was 87 percent leased at acquisition in Q3 2019. Located in close proximity to the Houston Medical Center, the property provides excellent accessibility to I-610, Houston’s inner-loop. Repositioning involved immediate roof replacement, vacancy lease-up, and increasing rents to market rates as leases expire.
Corporate Center Fannin I
Industrial | Realized
Houston, TX
Asset Summary |
|
|---|---|
| Acquisition Date | Q3 2019 |
| Size | 219,000 SQ FT |
| Property Type | Industrial |
| Deal Profile | Fund III, Acquisition |
| Investment Profile | Value-Add |
| Deal Source | Off Market |
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