Houston Industrial Building Sold

In Houston, Satsuma Distribution Center located at 9020 Jackrabbit Road in the Northwest submarket has been sold. John Nicholson of Transwestern represented the buyer in the transaction, KTR Capital Partners. The seller, an affiliate of Pinpoint Commercial, was represented by Jeff Everist and Gray Gilbert of CBRE. The property was purchased for an undisclosed amount.

Satsuma Distribution Center is a 315,120 sq ft distribution building.

“KTR has been looking in the Houston area for some time, and the purchase of Satsuma Distribution Center will give
them a Class “A” asset in the Northwest market, which has been a highly desired submarket for buyers,” Nicholson said.