HOUSTON—The property on JFK Boulevard was developed for MEI Rigging & Crating LLC in 2016 and is leased long term to MEI, provider of rigging, crane, relocation, crates and machinery moving services, GlobeSt.com learns in this EXCLUSIVE.
HOUSTON—Industrial Outdoor Ventures is the only national real estate investment company focused exclusively on the acquisition, development and redevelopment of outdoor storage facilities. The firm has picked up an 80,000-square-foot equipment storage and shipping property located at 13500 John F. Kennedy Blvd., GlobeSt.com learns in this exclusive.
The seller was Clay Partners-MEI JFK BLVD LP, a division of Houston-based Clay Development and Construction Inc. The asking price was $11.2 million.
“This is a terrific addition to our growing US portfolio,” JD Salazar, Industrial Outdoor Ventures COO, tells GlobeSt.com. “As a top-tier market, Houston is a high priority for our firm. We expect to build a significant base in this dynamic city.”
The property was developed for MEI Rigging & Crating LLC in 2016. It is leased long term to MEI, provider of rigging services, machinery moving, crane services, factory relocation, shipping crates and crating services for industrial and commercial clients.
Located in the North Outer Loop industrial submarket, the building features the warehouse with 30-foot clear ceiling height, four extra-large drive-in doors and three exterior docks. The highlight of the property is its 4-acre storage/laydown yard that is fully fenced in and gated.
“This is a highly versatile property that lends itself to multiple uses for industries that require indoor and outdoor storage in a strategic location,” Salazar adds.
The property is less than a 10-minute drive to George Bush Intercontinental Airport, with access to Interstate 69, the Sam Houston Tollway and Interstate 45.
Founded in 2016, Industrial Outdoor Ventures is a real estate investment and development company specializing in providing real estate solutions for heavy industrial uses in major US markets. The company is focused on the acquisition and long-term ownership of mission-critical industrial service facilities, which feature a significant outdoor storage component. Industrial Outdoor Ventures seeks to acquire $100 million in assets during the next 12 months with a five-year plan to amass more than $500 million in industrial service facilities.
Mission-critical industrial service facilities are used to store, maintain and dispatch equipment and/or bulk material. They are primarily used by the transportation, construction, construction material and utility industries.