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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.

Location

Corporate Center Fannin I

Houston, TX

Industrial | Realized

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