Harbor Capital Secures $13.27M Bridge Loan For 13-Building Industrial Portfolio In Humble

The transaction involves an acquisition loan of $13,270,400 for a 13-building industrial portfolio located at 2311 South Houston Avenue, Humble. The total square footage of the properties amounts to 153,570. The asset is part of a seasoned portfolio developed to cater to various industrial needs including logistics, manufacturing, and warehousing.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,270,400
• Address: 2311 South Houston Avenue
• Market: Humble
• Asset Type: Industrial
• Square Footage: 153,570
• Landlord: Harbor Capital
• Brokers: Michael Lohan & Luke Burns - Nineteen Blocks
• Loan Type: Bridge

Michael Lohan and Luke Burns from Nineteen Blocks represented Harbor Capital in securing the loan for the acquisition. This acquisition reflects Harbor Capital's strategy to enhance its portfolio in high-growth markets within Texas, particularly near the IAH Airport.