HOUSTON – Equus Capital Partners Ltd. has purchased Park 845 Crossing, a five-building industrial park between I-45 and Beltway 8.
The Class A property totals 757,325 sf across two cross-dock and three rear-load buildings, which were built from 2008 to 2014. The asset offers 18- to 30-ft clear heights and 186 dock doors.
Park 825 Crossing is now 62.5 percent leased to 11 tenants.
JLL Capital Markets represented the seller, a partnership of IDI Logistics and Heitman, as well as the buyer. The team also arranged $55 million in financing.
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Source: JLL