Dallas-based Lincoln Property Co., through its investment affiliate Lincoln Advisory Group, bought the three-building Ellington Trade Center in Webster, TX from a joint venture comprised of KDC Real Estate and Harbert Management Corp. Terms of the deal were not disclosed.

The three industrial facilities total 513,500 square feet on 36 acres across from Ellington Airport and just south of I-45 and Beltway 8 at 12552, 12554, and 12556 Highway 3 in the Southeast Industrial submarket of greater Houston.

The sale also included 18.23 acres of developable land.

Currently 98.6% leased, Ellington Trade Center is home to FedEx, Lennox Industrial, Goodman Distribution, SCP Distributors, E&G, Patrician Window Coverings and Houston Chronicle Publishing. Features of the center include 24′ to 28′ clear heights, dock high configuration and 200’ shared truck courts.

Rusty Tamlyn and Trent Agnew of HFF’s investment sales team led negotiations on behalf of the selling venture.

“Lincoln Advisory Group recognized the upside potential that the offering presents via the development tract as well as the rent roll of tenants that need to be at this location in order to service the expanding population base on the south and southeast sides of Houston,” commented Agnew.