Jones Lang LaSalle (“JLL”) and Transwestern on behalf of Ownership, are pleased to offer for sale the Claymoore Northwest Portfolio (“the Portfolio”), a 1,397,900 square foot, 10 building business park located proximate to Beltway 8 and Highway 290 in the Northwest industrial submarket of Houston, TX. The Portfolio is 100% occupied to 21 tenants with 3.7 years of weighted average lease term.
The Portfolio features a diverse range of site plans with front-load and cross-dock configurations and suite sizes ranging from 12,375 square feet to 275,600 square feet. 73% of the Portfolio’s suites are sub 50,000 square feet catering to a growing tenancy base insulated from Houston’s development pipeline. Located on a total of 70.49 acres, the Portfolio consists of 8 buildings directly accessible to Beltway 8 via Clay Road (“Claymoore I, II, & III”) and 2 buildings located with frontage on Highway 290 (“West by Northwest”).
· Irreplaceable, Infill Location at the Heart of Houston's Population Center
· Institutionally Preferred Submarket Surrounded by Best-In-Class Ownership
· Highly Accessible Locations Proximate to Houston's Most Desirable Industrial Thoroughfares
· Exceptional Ingress & Egress
· Institutionally Maintained Product with Value-Add Upside via Significant Mark-to-Market
· Diverse Rent Roll with Committed Tenancy