(Read more on the industrial market.)
HOUSTON-Cabot Industrial Value Fund II has added the 335,083-sf,multi-tenant Claymoore Business Park to its national industrialportfolio. The Boston fund acquired the fully leased, four-buildingasset through an off-market transaction, and assumed the loan.
Larry Marks, SVP with Betz Commercial Brokerage Inc. of Houston,says local seller Richland Investments Inc. owned the asset formore than four years, and sold it because the right buyer and offercame along. Similar assets can trade for between $65 per sf and $75per sf.
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