CenterSquare & Pagewood Acquire Industrial Portfolio In Houston With NorthMarq Financing
1500, 6100 Brittmoore Road, 1656 Townhurst Drive, 1330 Sherwood Forest, 1411, 1771 Upland Drive, 6989 West Little York Road, 4125 & 4041 Hollister Street
2,485,600 SF
Summary
The Gateway Industrial Commons, comprised of nine industrial properties totaling 621,400 square feet in Houston's Northwest corridor, was recently acquired by Todd Briddell of CenterSquare and Paul Coonrod of Pagewood. The properties are located at 1500, 6100 Brittmoore Road, 1656 Townhurst Drive, 1330 Sherwood Forest, 1411, 1771 Upland Drive, 6989 West Little York Road, 4125 & 4041 Hollister Street.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Seller: HRES Group
- Buyer: Todd Briddell - CenterSquare; Paul Coonrod - Pagewood
- Lender: NorthMarq
Pagewood and CenterSquare Investment Management, with Todd Briddell and Paul Coonrod as the respective representatives, jointly acquired the Gateway Industrial Commons in Houston. The financing for the transaction was secured through NorthMarq. Partners Real Estate will oversee the renovations and leasing of the industrial properties.
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