Freehill Company Acquires 67,161 SF Industrial Asset From Skywalker Property Partners In Houston

The property asset involved in this transaction is an industrial facility located at 14211 Industry St. in Houston, Texas. The total area of the asset is 67,161 square feet, situated on 5.79 acres. This single-tenant structure was completed in 1968 and is currently leased to AMACS Houston, a company with additional manufacturing operations based in the Netherlands, China, and Mexico.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 14211 Industry St., Houston
• Market: Houston
• Asset Size: 67,161 sq. ft.
• Land Area: 5.79 acres
• Buyer: Freehill Company
• Seller: Skywalker Property Partners
• Note from Seller: Skywalker Property Partners has sold AMACS Process Tower Internals' Houston headquarters and only U.S. manufacturing site to an Austin-based investment group, accepting an off-market offer for one of three remaining assets in its Cash Flow Fever Fund's portfolio.
• Completion Year: 1968
• Leased To: AMACS Houston

Wes Cole and Nick Spearman of Pinemont Real Estate represented the buyer, Freehill Company, in this transaction. The deal marks the end of a six-year hold of a sale-leaseback by the seller's fund.