Colliers International announces the sale of 31,750 square feet at Taylor Road in Houston, Texas

Industrial Sale.

TaylorRd_TRECAP

Colliers International is pleased to announce the sale of two industrial warehouses totaling 31,750 square feet located at 12400 and 12402 Taylor Road in Houston, Texas 77041. Barrett Gibson and Jason Tangen of Colliers International advised both the seller, H&B Development and Construction LP, and the buyer, TRECAP Management, in the transaction.

 TRECAP Management is a real estate investment, management and advisory services company. They own and manage investment portfolios that are comprised of assets in various property sectors, such as office, retail and industrial properties.

The warehouses are 100% leased to SRS Distribution Inc. and TRECAP Management acquired the assets to hold for investment. The credit profile and initial term were consistent with TRECAP's portfolio goals.

The buildings are located in the West Outer Loop submarket which has 27.2M square feet of existing industrial space and is 94% occupied. The West Outer Loop submarket is located in Houston's Northwest industrial corridor, which is the largest of Houston's seven industrial corridors, containing 175.5M square feet of industrial space.


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Jason Tangen

Vice President | Houston

Houston

Jason focuses primarily on industrial and office real estate investment sales. This includes buyer representation, property disposition, build-to-suit evaluations, development, sale-leasebacks, design-build, and other investment oriented transactions. He has ten years of commercial real-estate experience within the investment services sector and represents clients ranging from small private funds and family offices to publically traded REITs and other institutional investors.

Prior to Colliers, Jason worked for a small boutique commercial real estate firm where he was responsible for the upstart of the investment sales division.

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Barrett Gibson

Principal | Houston

Houston

Mr. Gibson specializes in industrial tenant and buyer representation, property disposition, design/construct, build-to-suit evaluations, development and investment transactions.  He has more than 15 years of commercial real estate experience in the industrial and land sector and represents clients with a local presence as well as clients nationally and internationally.

In 2014, Barrett was a Colliers' Everest Award recipient. This award, created in 2011, is bestowed upon the top 10% of all Colliers professionals in brokerage, valuation and corporate solutions across the U.S. business based on revenue production.

Previously Barrett was a Senior Broker at NAI Houston for more than 10 years. In late 2011, he became Managing Principal at Cresa Houston when his firm, Houston-based Gibson & Granello Realty Partners LLC, merged with the local Cresa office.  

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