Lee & Associates of Illinois Closes $27.25 Million Industrial Sale in Houston

Lee & Associates announced the completed sale of 214,300-square-foot free standing industrial warehouse in Houston, Texas for $27.25 million.

Clay Development, a Houston based development and construction company, sold the building to an international manufacturing company looking to expand its existing footprint in the state of Texas.

Located at 12732 Lake Houston Parkway, Houston, the building was originally completed in 2020. The cross-dock facility is equipped with 32-foot clear height, ESFR sprinkler, 44 dock high doors, 4 GL Doors and ample power.

Michael Androwich of Lee’s Chicago office along with Mason Alsbrooks and Mike Spears of Lee’s Houston office represented the buyer. Will Clay of JLL represented the seller Clay Development.