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This two-story 41,244 square-foot property, located at 25425 Orchard Village Road, will be divisible into approximately 5,000 square-foot suites for sale or lease.
New owner Panattoni will develop a 159,405-square-foot speculative class-A distribution center on the acreage at 1701 Valley View Ln., and the facility is expected to deliver in second quarter 2020.
Lakes of 610 offered a rare value-add opportunity due to all units maintaining original finishes as well as the Houston infill location, and after a potential rehab package, the asset may yield greater rents.
Cannabis REIT Innovative Industrial Properties has posted strong historical performance without any federal policy support and is expected to continue to outperform.