JLL Facilitates Sale of Rail-Served Property in Houston
- Sep 25, 2017
JLL arranged Polymers Packaging & Warehousing Inc.’s acquisition of a 275,000-square-foot warehouse from Aleen Street Associated Ltd., for an undisclosed price. The building, served by Union Pacific railroad, is situated in the northeastern corner of the 610 Loop.
Headquartered in Houston, the new owner is a supplier of multiple kinds of plastic resins. The facility, located at 550 Aleen St., is ideally connected to Houston’s petrochemical plants and Port Houston by way of interstates 10 and 610 and Texas State Highway 225, and will serve as the company’s global manufacturing and distribution center. The building features eight rail doors, 27-foot clear heights, 44 dock-high doors and a fully fenced truck court.
“We’re seeing sustained demand from the plastics industry for rail-served properties,” Ryan Fuselier, senior vice president of JLL, said in a prepared statement. “The location, size and rail-served capacity of this property offers Polymers Packaging & Warehousing Inc. the chance to bring some of their storage and packaging needs in-house and will support the continued growth of their business operations.”
Fuselier and Travis Secor, also of JLL, represented the buyer. Bob Berry and Grant Hortenstine of Avison Young represented the seller.
Image courtesy of JLL