BroadRange Logistics has agreed to lease a 1.22 million square foot Houston industrial property.
The lease was granted by Cresset Real Estate Partners along with its partner Lovett Industrial, which both helped build the property. The transaction was described as the " largest speculatively-built warehouse ever leased within the Houston area," said Cresset in a statement.
The asset, called Northport Logistics Center, features 40-foot clear heights, 273 trailer parking stalls, 224 loading dock doors, an eight-inch slab-on-grade foundation, and 190-foot truck courts. Construction first began on the site in September 2022.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
