Fort Capital Acquires 711,399 SF Industrial Property in Houston for $72M
Fort Capital has acquired a 711,399 SF industrial property in Houston for $72M with the help of JLL Capital Markets.
Fort Capital has made a significant acquisition in the Houston commercial real estate market with the purchase of a 711,399 SF industrial property located at 10694 Haddington Drive. The property was purchased for $72M, making it one of the largest transactions in the Houston market this year.
The property is located in a prime industrial area of Houston, with easy access to major highways and transportation hubs. The building features a mix of warehouse and office space, making it an attractive option for a variety of tenants.
Fort Capital, a Fort Worth-based real estate investment firm, has been actively expanding its portfolio in recent years. The acquisition of this Houston property is part of the company’s strategy to acquire high-quality assets in growing markets.
JLL Capital Markets represented Fort Capital in the acquisition. The team, led by Cullen Aderhold, worked closely with Fort Capital to identify and secure the property. The $72M acquisition was financed with an acquisition loan.
The seller of the property has not been disclosed, but the transaction is a testament to the strength of the Houston commercial real estate market. With a growing economy and a strong demand for industrial space, Houston is an attractive market for investors looking to expand their portfolios.
Overall, the acquisition of this 711,399 SF industrial property in Houston is a significant move for Fort Capital. With the help of JLL Capital Markets, the company has secured a high-quality asset in a growing market, positioning itself for long-term success.