ELG Holdings Acquires 72K SF Industrial Property In East End For $3.2M

Located in the East End market, the industrial property situated at 5520 Armour Drive has recently been sold. Covering an expansive area of approximately 72,000 square feet, the property attracted the attention of ELG Holdings, who acquired it from the seller, 5520 Armour LLC. The transaction was facilitated by Patrick McKiernan from First Houston Properties, acting as the broker. The property was listed for sale, with an asking price of $3,200,000.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $3,200,000
• Address: 5520 Armour Drive
• Market: East End
• Buyer: ELG Holdings
• Seller: 5520 Armour LLC
• Broker: Patrick McKiernan - First Houston Properties

Pertaining to this deal, ELG Holdings emerged as the buyer, demonstrating their interest in expanding their industrial property portfolio. Patrick McKiernan, representing First Houston Properties, played a crucial role in ensuring a successful transaction.