Lovett Industrial and PCCP acquire two industrial business parks in Houston
Lovett Industrial and PCCP have acquired the Claymoore Portfolio, consisting of 1.39 million square feet across 10 class A industrial buildings in Houston’s Northwest submarket.
The Claymoore Portfolio, comprising Claymoore Business Park and West by Northwest Business Park, features highly functional warehouses that provide a diverse range of site plans and suite sizes ranging from 12,000–275,000 square feet. Located on Clay Road and Beltway 8, Claymoore Business Park features eight cross-dock and front-load buildings totaling 1.02 million square feet, 18- to 24-foot clear heights, and 960 parking spaces. Situated on West by Northwest Boulevard and Highway 290, West by Northwest Business Park features one cross-dock and one front-load building totaling 378,900 square feet, 24-foot clear heights, and 746 parking spaces. The portfolio is 100 percent occupied by 21 tenants who have a weighted average tenure of more than 11 years.
“Lovett Industrial is excited for th