Jo Taylor And Karl Kreppner Of Ontario Teachers' Pension Plan Acquire 163K SF Industrial Asset In Pasadena

The property involved in the transaction is the 255 Crossing Logistics Center, an industrial asset located at 310 Beltway Green Boulevard, Pasadena, Texas. This facility was built in 2024 and spans 163,000 square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 310 Beltway Green Boulevard
• Market: Pasadena
• Square Footage: 163,000
• Buyer: Jo Taylor & Karl Kreppner - Ontario Teachers' Pension Plan; Rick Stone - Sagard Real Estate

The acquisition marks the first for Ontario Teachers’ Pension Plan in the U.S. industrial market and establishes a new partnership with Sagard Real Estate. This transaction is part of OTPP’s strategy to enhance its global real estate portfolio, which is valued at $30 billion.