A joint venture between Urban Logistics Realty and Formation Interests—an investment fund advised by Crow Holdings Capital—has sold Urban District 290, a 238,200-square-foot, shallow bay industrial property in Houston. CBRE represented the seller.
The partnership broke ground on the two-building project in 2022 and the industrial park debuted one year later. Inwood Bank provided financing while Burton Construction served as general contractor. Powers Brown Architecture and Kimley-Horn provided architectural and engineering services, respectively.
Building 1 is a side-load facility measuring 64,800 square feet, while the cross-dock Building 2 encompasses 173,400 square feet. The industrial campus has a total of 45 dock-high doors, 30 trailer parks and three oversized drive-in ramps. Additionally, the park features 32-foot clear heights and ESFR sprinkler systems.
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