(To read more on the industrial market, click here.)
HOUSTON-Brookfield Asset Management has hawked a 20-building,655,261-sf flex industrial portfolio to Insite Commercial RealEstate. The Toronto-based seller, bidding goodbye to the metro,inherited the asset last fall in a $177-million, 3.2-million-sfacquisition of US properties.
Industry sources believe the Brookfield Real Estate OpportunityFund collected $50 p0er sf to $70 per sf for the portfolio based onsales of similar properties. The portfolio consists of the296,400-sf Commerce Center at 9000 Southwest Freeway; 88,314-sfCommerce Park North at 15621 and 15631 at Blue Ash Dr.; 151,898-sfPlaza Southwest Business Park at 7302 and 7350 Harwin St., 5601 and5750 Bintliff Rd., and 5755 Bonhomme; 71,647-sf Technipark TenService Center at 16115 and 16133 Park Row; and 47,702-sf WestchasePark at 3120-30 Rogerdale Rd.
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