Triten Real Estate Partners sold the Fairbanks Northwest Distribution Center, a newly constructed, Class-A industrial property totaling 357,570 square feet in the Northwest Houston submarket.
An Ares Real Estate fund acquired the asset, and Marq Logistics, will manage the property.
The two-building campus at 7810 Fairbanks N Houston Rd. sits on 23.4 acres. Delivered in 2023, the property comprises Building 1, spanning 194,780 square feet, and Building 2, encompassing 162,790 square feet. The campus is 80 percent leased to tenants in the automotive parts distribution and recreational facilities sectors.
The JLL Capital Markets team representing the seller was led by Trent Agnew, Charles Strauss, Lance Young and Brooke Petzold.
The post Triten Offloads 357K-SF Houston Distribution Facility appeared first on Connect CRE.
