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KBS sells four-building, 222,750sf light industrial business center in Houston
Transactions - APRIL 5, 2024

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KBS sells four-building, 222,750sf light industrial business center in Houston

by Denise Moose

KBS announced the sale of Clay Crossing Business Center, a four-building, 222,750-square-foot light industrial property in Houston. The property was purchased by HPI Holdings II, former owners of the Hardy Properties at Intercontinental development in the North Houston District.

The disposition emphasizes investors’ appetite for high-quality, value-added commercial properties in major Texas markets, according to Gio Cordoves, regional president, western United States, at KBS.

Built between 2000 and 2002, Clay Crossing features 16- to 20-foot accessible industrial buildings and office suites. The property has a diverse range of suite configurations featuring four rear-load buildings and suite sizes ranging from 3,105 square feet to 44,8883 square feet. A total of 39 percent of the property’s suites are below 20,000 square feet, catering to the market’s growing tenancy base.

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