Park 225 – Phase II is a Class A, 36,954 SF single-tenant manufacturing / warehouse building, similar to Summit’s successful Tres Industrial and Northwest 4 projects in Houston, TX. Completed Q4 2018, the building is part of a 2-building, 10-acre redevelopment site located in Pasadena, TX near the Houston Ship Channel. Park 225 – Phase II was opportunistically 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