(To read more on the industrial market, click here.)
HOUSTON-A private equity firm from New York City has used partof its new fund to acquire the two-building, 192,000-sf InterwoodBusiness Center. The transaction represents KTR Capital Partners'first purchase of industrial product in the Greater Houston market,but definitely not its last.
The two-year-old KTR just closed its first pool, KeystoneIndustrial Fund LP, raising more than $505 million in equitycommitments for a plan to amass $1.4 billion of value-addproperties and develop in the US. Houston is one of the KTR fund'stargeted areas for investment.
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