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Greens Intercontinental is part of the 108,000 SF, three building, Class A industrial portfolio in Houston, Texas, and was 100 percent vacant at acquisition. It was acquired at a discount to replacement cost due to a liquidating partnership. Summit acquired the three-building new construction portfolio and assumed the lease-up risk. Summit executed on the leasing strategy and divested them separately between 2013-2016.

Location

Greens Intercontinental

Houston, TX

Industrial | Realized

Asset Summary

Acquisition Date:
Q3 2013
Size:
56,875 SQ FT
Property Type:
Industrial
Deal Profile:
Fund I, Acquisition
Investment Profile:
Value-Add
Deal Source:
On Market