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Industrial Fundamentals are Tied to Population and E-Commerce

HOUSTON—Ellington Trade Center, a three-building industrial project totaling 513,800 square feet with 18.23 acres of developable land, is 98.6% leased, which generated a buyer at an undisclosed price.

By Lisa Brown | lisabrown | | Updated on August 22, 2016
office The 98.6% leased Ellington Trade Center is home to national and local tenants.
HOUSTON— The Ellington Trade Center is situated on more than 36 acres at 12552, 12554 and 12556 Highway 3 in Houston’s Southeast Industrial submarket. The three-building industrial project totaling 513,800 square feet and 18.23 acres of developable land has recently sold for an undisclosed price. The trade center is across the street from Ellington Airport , which was recently approved by the Federal Aviation Administration as a launch site for future space plane fights. The asset is just south of the intersection of Interstate 45 and Sam Houston Tollway (Beltway 8) and near the Port of Houston.  Holliday Fenoglio Fowler LP represented the seller, a partnership between KDC and Harbert Real Estate Fund III LLC . Lincoln Property Company , through its investment advisory affiliate, Lincoln Advisory Group , purchased the property on behalf of an institutional client. HFF’s investment sales team was led by senior managing director Rusty Tamlyn and director Trent Agnew . Agnew tells GlobeSt.com: “The property is of new construction with a development piece of 18 acres. It has good regional tenancy with no energy exposure. We are finding industrial fundamentals to be generally strong, with occupancies tied to population growth and e-commerce.” The 98.6% leased center is home to national and local tenants, including FedEx, Lennox Industrial, Goodman Distribution, SCP Distributors, E&G, Patrician Window Coverings and Houston Chronicle Publishing . Ellington Trade Center features 24 and 28-foot minimum clear heights, dock-high configuration, 200-foot shared truck courts and 18.23 acres of developable land for a potential future industrial property. “We are happy to announce the closing of this transaction after completing a targeted marketing effort on behalf of our seller,” Agnew said.  “Lincoln Advisory Group recognized the upside potential that the offering presents via the development tract as well as the rent roll of tenants that need to be at this location in order to service the expanding population base on the south and southeast sides of Houston.”  

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