(Read more on the industrial market.)
HOUSTON-First Industrial Realty Trust has sold 455,707 sf ofindustrial space in the near northwest submarket in two unrelatedtransactions. Although financial details weren't available by presstime, local sources say the vintage assets most likely fetched $15per sf to $20 per sf.
A local buyer, Beeson-Sirota JV, has bought a 1980s-era,176,307-sf, rail-served building at 1415 W. Loop North. Mir Azizi,also from Houston, picked up the other asset, a 279,400-sfwarehouse built in 1975 at 3480-84 W. 11th St. Both warehouses are100% leased. The JV's building is leased to Dimare Fresh Inc. whileAzizi's multi-tenant warehouse has the Premier Co., DrakeContainer, Lindsey's Office Furniture and Morrison Supply Co.,according to a marketing brochure.
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