Adam Anderson Of Innovex International Sells Industrial Facility In Houston For $90 Million

The property involved in this transaction is an industrial asset located at 6401 N Eldridge Pkwy in Houston. The property was sold for a transaction amount of $90,000,000. Innovex International, the seller, will lease back this facility through 2025 as part of its operational consolidation strategy, which aims to reduce its footprint in the Houston Subsea area significantly.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $90,000,000
• Seller: Adam Anderson - Innovex International
• Net proceeds for seller: $86,500,000
• Leaseback period: Through 2025
• Location: 6401 N Eldridge Pkwy, Houston

Adam Anderson represented Innovex International in the transaction, facilitating the sale of the Houston facility while ensuring the company’s operational needs are met through the leaseback arrangement.