BZO Wheels Houston Purchases 238200 Square Foot Industrial Property From Urban Logistics Realty For $40 Million

Urban Logistics Realty and Formation Interests sold a 238,200-square-foot industrial property located at 5610 Bingle Road in Houston for $40 million. The asset, completed in 2023, includes a side-load facility and a cross-dock building, featuring 45 dock-high doors with strategic access to major routes and transportation hubs.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $40 million
• Buyer: BZO Wheels Houston
• Seller: Urban Logistics Realty & Formation Interests
• Market: Houston
• Square Footage: 238,200
• Broker Representatives: Jason Dillee & Nathan Wynne - CBRE
• Lender: American First National Bank

The transaction involved key representatives from CBRE, Jason Dillee and Nathan Wynne, who facilitated the deal on behalf of Urban Logistics Realty and Formation Interests. The financing for the purchase was provided by American First National Bank.