HOUSTON–Cushman & Wakefield (C&W) has announced the sale of the world's fifth-largest industrial park, Cedar Crossing, a 10,897-acre industrial park near Houston. The transaction represents one of the single largest land sales in the history of the Houston area.
C&W represented the seller, Cedar Crossing LP, a partnership of area investors managed by Charles Iupe. The size of the property sold is equal to three-fourths that of New York's Manhattan Island.
“We're excited about the variety of opportunities new ownership will bring to the park, not the least of which is a fresh commitment to take the marketing and development of the park to the next level,” Kelley Parker, executive vice president of C&W, told GlobeSt.com.
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