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Lovett Industrial And PCCP, LLC Acquire Claymoore Portfolio, Industrial Buildings In Houston's Northwest Submarket

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SOLD

Texas

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Industrial1,390,900 SF
Sold 08/24/2023
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SOLD

Lovett Industrial And PCCP, LLC Acquire Claymoore Portfolio, Industrial Buildings In Houston's Northwest Submarket

Claymoore Portfolio

See Similar Deals
Industrial1,390,900 SF
Sold 08/24/2023
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,390,900 SF
Transaction Type:Sale

The Claymoore Portfolio, consisting of 10 class A industrial buildings with a total square footage of 1,390,900, located in Houston's Northwest submarket, has been jointly acquired by Lovett Industrial represented by Ashley Bird and PCCP, LLC represented by Brad Hartstein. The portfolio is fully occupied by 21 tenants and strategically positioned for convenient access to major highways and the local labor pool.

Summary of transaction details

Trent Agnew from JLL served as the broker in the acquisition deal, facilitating the transaction between the buyers, Lovett Industrial and PCCP, LLC, and the lender, Voya Financial. Additionally, Michael Johnson and Wally Reid from JLL acted as mortgage brokers in this transaction, ensuring a smooth financial process for the acquisition of the Claymoore Portfolio.

Players

Trent Agnew
63 deals$486M volume
BROKER

Wally Reid
JLL
7 deals$111.3M volume
BROKER

Michael Johnson
JLL
9 deals$860.1M volume
BROKER

Voya Financial
LENDER

Details

SOLD
IMAGE: Ashley Bird, Brad Hartstein & Trent Agnew DATE: 08/24/2023 ADDRESS: Claymoore Portfolio MARKET: Houston ASSET TYPE: Industrial ~ SF: 1,390,900 BUYER: Lovett Industrial - Ashley Bird; PCCP, LLC - Brad Hartstein BROKER: Trent Agnew - JLL (@JLL) LENDER: Voya Financial (@Voya) MORTGAGE BROKERS: Michael Johnson & Wally Reid - JLL NOTE: Lovett Industrial and PCCP, LLC have jointly acquired the Claymoore Portfolio, a collection of 10 class A industrial buildings totaling 1,390,900 square feet in Houston's Northwest submarket. The portfolio is fully occupied by 21 tenants and strategically located for efficient access to major highways and the local labor pool.

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