(Read more on the industrial market.)

HOUSTON-Cabot Industrial Value Fund II has added the 335,083-sf, multi-tenant Claymoore Business Park to its national industrial portfolio. The Boston fund acquired the fully leased, four-building asset through an off-market transaction, and assumed the loan.

Larry Marks, SVP with Betz Commercial Brokerage Inc. of Houston, says local seller Richland Investments Inc. owned the asset for more than four years, and sold it because the right buyer and offer came along. Similar assets can trade for between $65 per sf and $75 per sf.

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