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Crow Family Trust Sells 81,000-SF Warehouse

HOUSTON-An 81,822-sf building in southeast Houston has gone for less than $2 million in a deal between a Crow Family holding company and Austin-based Capital Commercial Investments. The 39-year-old warehouse is occupied by Continental Can.

By Jennifer Brenner Andrade | Updated on July 25, 2001

HOUSTON-The Crow Family Holding Industrial Texas LP has sold an 81,282-sf net leased industrial warehouse in the Santa Fe Industrial Park in southeast Houston. An entity of Austin-based Capital Commercial Investments is the buyer.

Rusty Tamlyn of Trammell Crow Co., who represented the seller, tells GlobeSt.com the property sold for under $2 million. The Crow Family Trust developed the property at 6831 Silsbee in 1962 for Continental Can, which has four years left on its current pact. John Ferruzzo of NAI Partners Commercial represented the buyer of record, CCD-Portfolio I Ltd.

Ferruzzo says Capital Commercial now owns 28 office and industrial buildings in Houston, Clear Lake, the Woodlands and Austin. The latest buy is a freestanding masonry warehouse that has been bought strictly for investment purposes. Continental Can is a part of Irving, TX-based Consolidated Container, which manufactures plastic bottles, containers, oil and medical supplies for clients such as Proctor & Gamble.

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