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Doug Agarwal's Capital Commercial Investments Acquires Industrial Asset From Invesco Real Estate In Houston

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SOLD

Texas

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Industrial327,404 SF
Sold 11/22/2024
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SOLD

Doug Agarwal's Capital Commercial Investments Acquires Industrial Asset From Invesco Real Estate In Houston

15011 Katy Freeway

See Similar Deals
Industrial327,404 SF
Sold 11/22/2024
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:327,404 SF
Transaction Type:Sale

The property involved in the transaction is Energy Crossing II, located at 15011 Katy Freeway in Houston. This industrial asset spans 327,404 square feet and is situated on 5.47 acres. The eight-story building is currently 30% leased, with MODEC Inc. serving as the anchor tenant. The property is recognized for its LEED Platinum certification, contributing to its appeal in the current market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 15011 Katy Freeway
  • Market: Houston
  • Square Footage: 327,404
  • Acres: 5.47
  • Buyer: Doug Agarwal - Capital Commercial Investments Inc.
  • Seller: Invesco Real Estate
  • Brokers: Kevin McConn & Rick Goings - JLL

Doug Agarwal represents Capital Commercial Investments Inc. in this acquisition. The firm has procured the property from Invesco Real Estate, a notable player in real estate investment management. Kevin McConn and Rick Goings of JLL facilitated the transaction as brokers, providing their expertise to complete the deal.

Players

Rick Goings
37 deals$115M volume(713) 425-5855
BROKER

Kevin McConn
JLL
29 deals$213M volume(713) 425-5839
BROKER

Details

SOLD
IMAGE: Doug Agarwal, Kevin McConn & Rick Goings DATE: 11/22/2024 ADDRESS: 15011 Katy Freeway MARKET: Houston ASSET TYPE: Industrial ~ SF: 327,404 ~ ACRES: 5.47 BUYER: Doug Agarwal - Capital Commercial Investments Inc. SELLER: Invesco Real Estate (@Invescous) BROKERS: Kevin McConn & Rick Goings - JLL (@JLL) NOTE: Capital Commercial Investments acquired Energy Crossing II, a 327,404-square-foot LEED Platinum office building in Houston's Energy Corridor, previously owned by Invesco Real Estate. The eight-story property, 30% leased and anchored by MODEC Inc., is positioned to benefit from the “flight-to-quality” trend in Houston’s 26.4% vacancy office market.

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