PlaceMKR Acquires 612,000 Square Foot Industrial Campus At 1310 Rankin Road In Houston From Ed Boufarah

PlaceMKR has acquired a 612,000-square-foot advanced manufacturing and industrial campus located at 1310 Rankin Road in Houston, TX, encompassing 50 acres of land. The property consists of 17 buildings, 32 cranes, and a 40-megawatt substation.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Buyer: PlaceMKR
• Seller: Ed Boufarah - Wellbore Integrity Solutions
• Tenant: Wellbore Integrity Solutions
• Redevelopment Plan: PlaceMKR plans to redevelop portions of the campus and add 88,000 square feet of rentable space.

Ed Boufarah, representing Wellbore Integrity Solutions, played a crucial role in the transaction, facilitating the sale to PlaceMKR while ensuring the continued tenancy of the previous owner within the facility.