Sterling Investors Acquires Two Texas Warehouses From GLP Capital Partners Via JLL

Summary

Sale

TEXAS

Industrial

1,684,624 sqft

Summary of transaction details

Property Type: Industrial
Transaction Amount: Undisclosed
Square Footage: 842,312
Acres: 50
Address: 14200 FAA Boulevard & 6751 North Eldridge Parkway
Market: Fort Worth & Houston
Buyer: Khaled Kudsi - Sterling Investors
Seller: GLP Capital Partners
Lender: Principal Life Insurance Company
Brokers: Brooke Petzold, Charlie Strauss, Lance Young, Matthew Barge, Parker McCormack, Pauli Kerr, Trent Agnew & Tom Weber - JLL

Details

Deal Summary

SOLD

IMAGE: Khaled Kudsi, Brooke Petzold, Charlie Strauss, Lance Young, Matthew Barge, Parker McCormack, Pauli Kerr, Trent Agnew & Tom Weber DATE: 02/16/2024 ADDRESS: 14200 FAA Boulevard & 6751 North Eldridge Parkway MARKET: Fort Worth & Houston ASSET TYPE: Industrial ~ SF: 842,312 ~ ACRES: 50 BUYER: Khaled Kudsi - Sterling Investors SELLER: GLP Capital Partners BROKERS: Brooke Petzold (@Brooke_Petzold), Charlie Strauss (@Swordfish_Strauss15), Lance Young (@Everybody_Lance_now), Matthew Barge (@Matthew_Barge), Parker McCormack (@ParkerMcCormack_), Pauli Kerr (@PauliKerr), Trent Agnew & Tom Weber - JLL (@JLL) LENDER: Principal Life Insurance Company (@Principal) NOTE: GLP Capital Partners sold two Texas warehouses, CentrePort 2 in Fort Worth and Northwest Logistics Center in Houston, to Sterling Investors for an undisclosed amount. JLL Capital Markets facilitated the deal, with CentrePort 2 boasting 97 dock-high loading doors and 32-foot clear heights, while Northwest Logistics Center features 138 dock-high loading doors and 32-foot clear heights.

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Address 14200 FAA Boulevard & 6751 North Eldridge Parkway

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