Colliers arranges purchase of multi-tenant industrial building on Houston's Nort

By: Colliers | Houston
HOUSTON - Sept. 19, 2023 - PRLog -- Colliers Houston has facilitated the acquisition of Northport Business Park, a multi-tenant industrial building, located at 7101-7157 North Loop East in Houston, Texas. The seller, Sealy & Company, was represented internally by Jason Gandy, Managing Director-Investment Services and Derrick Jones, Regional Director. The buyer, Harbor Capital, was represented by Jason Scholtz, Senior Vice President of Colliers Houston.

Northport Business Park is a shallow-bay industrial property with ±127,000 square feet situated on ±7.99 acres. The multi-tenant asset benefits from high visibility and has direct access to Houston's Loop 610. Building amenities include dock-high loading, and ample parking with an expansive truck court. The property boasts excellent access to all major thoroughfares via Loop 610.

Northport Business Park is located in Houston's Northeast Highway 90 Industrial submarket. The submarket contains 29.4 million square feet of industrial space which is currently 92.6% occupied. There is only approximately 40,000 square feet of shallow-bay industrial space currently under construction in the submarket.

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Crystal Kingsbury
Source:Colliers | Houston
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