Park 225 – Phase I is a Class A, 121,392 SF multi-tenant warehouse in Houston, Texas. Park 225 (Phase I & II) represented an opportunity to acquire an off-market, 10-acre land position suitable for redevelopment in a premier location near the Houston Ship Channel and the area’s expanding petrochemical industry. Park 225 – Phase I was 100 percent leased at the time of sale in Q4 2018.
Park 225 – Phase I
Industrial | Realized
Houston, TX
Asset Summary |
|
|---|---|
| Acquisition Date | Q2 2015 |
| Size | 121,392 SQ FT |
| Property Type | Industrial |
| Deal Profile | Fund II, Development |
| Investment Profile | Opportunistic |
| Deal Source | Off Market |
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