LEE & ASSOCIATES – HOUSTON COMPLETES LANDMARK INDUSTRIAL OUTDOOR STORAGE TRANSACTION

September 17, 2024 (HOUSTON) – Lee & Associates – Houston successfully completed one of the largest Industrial Outdoor Storage (IOS) transactions in the city’s history. The sale involved a 194,000-square-foot truck terminal on 17 paved acres at 2222 North Wayside Drive in Northeast Houston. Increased demand for IOS properties fueled intense competition for this valuable asset.

The deal was facilitated by Lee & Associates brokers C.E. “Trey” Erwin III and Josh Carl, and acquired by Zenith IOS in a joint venture with institutional investors advised by J.P. Morgan Asset Management. This transaction highlights the growing significance of IOS properties in Houston’s industrial market.

 

About Lee & Associates – Houston

 

Lee & Associates – Houston is a fully-integrated commercial real estate company with unrivaled market knowledge and an unwavering commitment to integrity and excellence. Our business-minded brokers specialize in office, industrial and land real estate investments. Lee & Associates – Houston is part of a nationwide network of brokers in more than 80 offices in North America. The brokerage is uniquely qualified to support our clients’ real estate needs in Houston, across Texas and throughout the US. For more information, visit www.lee-associates.com/houston.