HOUSTON - eTradeWire -- Colliers Houston has facilitated the acquisition of Northport Business Park, a multi-tenant industrial building, located at 7101-7157 North Loop East in Houston, Texas. The seller, Sealy & Company, was represented internally by Jason Gandy, Managing Director-Investment Services and Derrick Jones, Regional Director. The buyer, Harbor Capital, was represented by Jason Scholtz, Senior Vice President of Colliers Houston.

Northport Business Park is a shallow-bay industrial property with ±127,000 square feet situated on ±7.99 acres. The multi-tenant asset benefits from high visibility and has direct access to Houston's Loop 610. Building amenities include dock-high loading, and ample parking with an expansive truck court. The property boasts excellent access to all major thoroughfares via Loop 610.

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Northport Business Park is located in Houston's Northeast Highway 90 Industrial submarket. The submarket contains 29.4 million square feet of industrial space which is currently 92.6% occupied. There is only approximately 40,000 square feet of shallow-bay industrial space currently under construction in the submarket.

See the full article here: https://www.colliers.com/en/news/houston/north-loop-east-2023-09-19