Thad Hickman, senior vice president, and Tyndall Yaap, vice president, both of Grubb & Ellis Co.'s industrial group in Houston, represented Crown Pacific in the sale. Joe MacDougall of Brown Butera and MacDougall Inc. in Houston handled negotiations for Bell & McCoy, also of Houston. Crown is an international moving company and according to Yaap, a national account for Grubb & Ellis.
Yaap says the building is a nice industrial facility situated on 5.5 acres with frontage on Loop 610. It is designed with clear heights of 24 foot, dock-high doors and comes with about 2 1/2 acres of outside storage. The concrete, tilt-wall, single-user building was constructed in 1985. MacDougal concurs with Yaap that the building's features and the Loop 610 frontage sealed the deal for wholesale electrical distributor, Bell & McCoy. MacDougal says the company also was looking for a facility to own with good visibility. MacDougal pegs the area's traffic count at nearly 200,000 cars per day.
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.