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Apricus Realty Capital, in a programmatic three way partnership with ABR Capital Companions, has bought a two-building industrial outside storage property in Houston, totaling 31,750 sq. toes. TRECAP Cos. offered the asset, CommercialEdge knowledge reveals. Generations Neighborhood Federal Credit score Union supplied a $2.6 million acquisition mortgage, Harris County public data present.
Positioned at 12400 and 12402 Taylor Street, the property embrace a paved concrete yard for storage and distribution. The 5-acre asset is close to U.S. Freeway 290 and main routes in Houston, corresponding to Beltway 8 and 6, whereas additionally being 20 miles from downtown and inside 23 miles from George Bush Intercontinental Airport. Tenants embrace SFR Constructing Merchandise and Complete Waste Administration Alliance.
Apricus Realty Capital Managing Principal Matt Haley, Vice President Garrett Marler and Affiliate Cort Martin represented the corporate within the transaction.
For the reason that starting of the yr, a number of joint ventures had been fashioned for the acquisition and improvement of recent IOS merchandise. In April, Centerbridge Companions and Dalfen Industrial joined forces with plans to spend money on key markets that present space for storing for automobile parking, containers, trailers, equipment and development supplies.
In March, GreenPoint Companions launched a $500 million IOS platform, with GCM Grosvenor as its lead investor. The funds might be used to amass semi-truck parking and trailer storage property throughout the U.S.
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