Junction Announces the Disposition of Southeast 45 Logistics Park
(HOUSTON, TEXAS – OCTOBER 2024) Junction Commercial Real Estate is pleased to announce the disposition of Southeast 45 Logistics Park, a 169,677-square-foot, Class- A, industrial distribution building on 11.83 acres in southeast Houston, Texas. At the time of sale, the property was fully leased to a third party logistics group.
“Congratulations to all parties involved. It was a total team effort to transact on this successful development. Hats off to our development, construction management and brokerage teams. Incredible job,” remarked Reed Vestal, Managing Partner of Junction Commercial Real Estate.
The distribution building, located at 5115 South Shaver Street, features include a 130’ truck court, thirty-two dock-high positions, two oversized grade-level doors, ESFR sprinkler system, and ample truck-trailer parking and storage.
Southeast 45 Logistics Park is ideally located to support the record setting container traffic at the Port of Houston. Less than one mile from Interstate 45 and two miles from Beltway 8, the site’s excellent thoroughfare access and proximity to the Port Terminals are competitive advantages for sensitive logistics companies migrating supply chain efforts to Texas.
Nathan Wynne and Elliott Dow of CBRE National Partners brokered the transaction and sourced the buyer, Pacific Acquisitions LLC.
“Quality new construction located in infill locations is experiencing high investor demand in today’s market, and rightfully so. With its proximity to I-45 and Beltway 8 in Houston’s top performing Southeast submarket, Southeast 45 Logistics Park offered the investor a single tenant cash flowing asset well-sized sub 200,000 SF in a submarket where we are seeing the most dynamic rent growth and highest barriers to entry for development,” said Nathan Wynne of CBRE National Partners.
About Junction
Junction Commercial Real Estate is a full-service commercial real estate firm that specializes in brokerage, development and investment management. With relentless determination and an unwavering commitment to clients, investors, and partners, the Junction team combines over thirty years of producing exceptional results. Collectively, our real estate professionals have brokered, acquired, managed, and disposed of billions of dollars of commercial assets domestically and internationally. Junction is headquartered at One Riverway in Houston, Texas. For additional information, please visit JunctionUSA.com.