Jaguar Commercial Properties Acquires 7.24 Acres Industrial Property in Humble
Jaguar Commercial Properties purchases 24,000 sq ft industrial property on 7.24 acres in Humble from R.B. Machine Works.
Jaguar Commercial Properties has acquired a 24,000 sq ft industrial property on 7.24 acres in Humble from R.B. Machine Works. The property, located at 2413 Wilson Road, is situated in a prime location for industrial use, with easy access to major highways and transportation hubs. The property features a large warehouse space with high ceilings and ample parking for trucks and other vehicles.
The buyer, Jaguar Commercial Properties, is a real estate investment firm that specializes in acquiring and managing commercial properties across the United States. The company has a strong track record of success in the industrial sector, with a portfolio of properties that includes warehouses, distribution centers, and manufacturing facilities.
The seller, R.B. Machine Works, is a local manufacturing company that has been in business for over 30 years. The company decided to sell the property in order to focus on its core business operations.
The property was sold by Tom Condon, Jr. of Colliers, who represented the seller in the transaction. The buyer was represented by Chase McAteer of Oxford Partners, who worked on behalf of Jaguar Commercial Properties to negotiate the deal.
The sale of this property is indicative of the strong demand for industrial properties in the Humble market. With its strategic location and strong transportation infrastructure, Humble has become a hub for industrial activity in the region. As a result, properties like this one are highly sought after by investors and developers alike.
Overall, this transaction represents a win-win for both the buyer and the seller. Jaguar Commercial Properties has acquired a high-quality industrial property in a prime location, while R.B. Machine Works has been able to divest a non-core asset and focus on its core business operations. With the help of their respective brokers, both parties were able to negotiate a deal that met their needs and objectives.