The property asset involved in the transaction is a distribution center located at 4762 & 4830 Borusan Road in Baytown, Texas. This industrial asset encompasses a total of 996,000 square feet and is fully leased to IKEA. The property is situated within Cedar Port Industrial Park, which offers strategic access to the Port of Houston and serves major industrial tenants including Walmart and DHL.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not Disclosed
• Buyer: MCH
• Seller: IKEA
• Broker Representatives: Charlie Strauss, Lance Young & Trent Agnew - JLL
• Market: Baytown

This transaction was marked by the involvement of JLL, which represented IKEA in the sale of the distribution center. The deal highlights the strategic maneuvering of MCH acquiring a key asset in the industrial market, enhancing their portfolio within a region that supports significant logistical operations.