GTIS Partners Acquires Land In Pasadena For Industrial Development

GTIS Partners has acquired 26 acres of land in Pasadena, Houston. The property is located at Beltway 8 and State Highway 225. The sale was made by Emerson Electric Co. This marks GTIS Partners' first industrial venture in the Houston area. The company plans to develop a 484,000-square-foot industrial project on the land. Construction is set to begin in October, and the project is expected to meet the growing demand driven by Houston's population growth, port activity, and manufacturing opportunities in Mexico.

Summary of transation details

• Property Type: Land
• Transaction Amount: Not specified
• Address: Beltway 8 and State Highway 225
• Market: Pasadena
• ACRES: 26

The buyer in this transaction is GTIS Partners, represented by Gaurav Sahay. The seller is Emerson Electric Co. GTIS Partners' representative is David Claros from Dosch Marshall Real Estate. On the seller's side, Phil Arnett and Joe Trout from Arnett Commercial Properties, and Curt Stanton from Axiom Advisory Group acted as the seller's representatives. This deal highlights GTIS Partners' expansion into the industrial sector in response to the favorable conditions in the Houston market.