Park 225 – Phase II is a Class A, 36,954 SF single-tenant manufacturing / warehouse building 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 II was sold in Q3 2020 to an owner-user engaged in servicing the shipping and oil and gas industry throughout Texas.
Location
Park 225 – Phase II
Houston, TX
Industrial | Realized
Asset Summary
- Acquisition Date:
- Q2 2015
- Size:
- 36,954 SQ FT
- Property Type:
- Industrial
- Deal Profile:
- Fund II, Development
- Investment Profile:
- Opportunistic
- Deal Source:
- Off Market