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Realty Associates Buys 457,856-SF Crow Portfolio

HOUSTON-Crow Holdings Industrial Trust has found a taker for six class B buildings, totaling 457,856 sf, in two leading industrial submarkets. Houston-based Realty Associates has taken all but three on Crow's to go list.

By Connie Gore | Updated on July 07, 2001

HOUSTON-Dallas-based Crow Holdings Industrial Trust has hawked six class B buildings, totaling 457,856 sf, in Houston’s northwest and east submarkets.

Houston-based buyer Realty Associates Advisors DVA TA Associates Realty is getting “solid” class B properties that are “well located in good submarkets,” Rusty Tamlyn, principal in Trammell Crow Co.’s Houston office, tells GlobeSt.com. He and associates Ralph Tullier and Aaron Thielhorn, also in the Houston office, have negotiated the sale for the selling REIT, a private entity of Crow Holdings Co.

Tamlyn says the portfolio sale had attracted a lot of interest from would-be buyers, primarily due to the locations. Houston has been a nationwide leader in the industrial arena and its northwest sector is among the strongest.

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