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Northwest I building exterior.

Northwest 1 was part of a 108,415 SF, three building, Class A industrial portfolio in Houston, Texas, that was 100 percent vacant at acquisition. The 21,425 SF building 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 each building separately between 2013-2016.


Northwest I

Houston, TX

Industrial | Realized

Asset Summary

Acquisition Date:
Q3 2013
21,425 SQ FT
Property Type:
Deal Profile:
Fund I, Acquisition
Investment Profile:
Deal Source:
On Market