Nine-Building Industrial Complex Changes Hands
Gupta Partners has purchased the 276k SF, nine-building Beltway 8 Industrial Park. The acquisition of the 88% occupied asset brings Gupta's total Houston portfolio to 876k SF. Moody Rambin's Bradley Kovach repped the buyer and Jim Autenreith, also of Moody Rambin, repped the seller. Moody Rambin will lease and manage the property.
"Beltway 8 Industrial Park's location, occupancy and tenant mix were significant factors in this acquisition," Gupta's Jonathan Gupta said. "This property complements and diversifies our long-term investments in Houston."
"Increasing density in all types of real estate is pushing demand for small-space users, particularly in the service center category," Kovach said. "This location offers added value and quality in a business address with Beltway 8 frontage and visibility."
