HOUSTON--HFF has closed the sale of athree-building industrial portfolio totaling 243,100 square feet inHouston. HFF marketed the portfolio on behalf of the seller,EastGroup Properties. Cabot PropertiesInc. purchased the assets for an undisclosed amountfree and clear of existing debt.
The 100-percent-leased portfolio consists ofClay-Campbell I and II innorthwest Houston and Kirby Business Center insouth Houston.
Clay-Campbell I and II are located at 4300-4320 and 4444-4456Campbell Road. The buildings are located in Houston's premiersubmarket and offer access to both Highway 290 as well as Beltway8. Completed in 1982, both buildings have 58,846 square feetand are equipped with cross-dock, dock-high loading bays with abuilding depth of 220 feet.
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