INDUS Realty Trust acquires five-building Houston industrial portfolio

INDUS Realty Trust has acquired Park 845 Crossing, a class A industrial portfolio of five buildings in Houston. The property spans 757,325 square feet. Its concrete tilt-wall buildings sit on 38.9 acres at the interchange of Interstate 45 and Beltway 8. Construction dates run from 2008 to 2014.

At closing, the property was 99 percent leased. Its 11 tenants include foodservice distribution, tire manufacturing, HVAC wholesale, third-party logistics, and airfreight. The largest building spans about 245,000 square feet; the smallest, roughly 54,000. Clear heights run 18 to 30 feet. Loading configurations mix rear-load and cross-dock.

George Bush Intercontinental Airport sits less than seven miles away. The Hardy Toll Road is within two miles. The interchange connects the property to the airport, the toll road, and the Texas Triangle's freight network. Downtown Houston is about 15 minutes south. The Woodlands employment corridor lies 10 to 17 miles north.

JLL represented the seller, an affiliate of Equus Capital Partners. The announcement did not include a purchase price, leaving the north Houston corridor without a fresh public comp.