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Colliers announces sale of single tenant industrial property in Houston

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Colliers announces the sale of an industrial warehouse investment property located at 1612 Southcreek Lane in Houston, Texas. The seller, Trecap Southcreek Partners, was represented by Jason Tangen of Colliers. The buyer, GBP II SIP, was represented by Todd Moore and Connor Duffy, also of Colliers.

The ±27,150 square foot warehouse is on ±2.958 acres in Candle Ridge Business Park. It features four overhead grade level doors and is fiber equipped. The property also boasts 10-ton and 20-ton crane-served capability with 22-foot deck height and public water and sewer. It is located in close proximity to Hardy Toll Road, FM 1960, Interstate 45 North and Bush Intercontinental Airport. 

 

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TRECAP Management is a real estate investment, management and advisory services company. They own and manage investment portfolios that are comprised of assets in various property sectors, such as office, retail and industrial.

The property is located in Houston's North Hardy Toll Road industrial submarket. The submarket contains 44.6 million square feet of industrial space which is currently 90.9 percent occupied and has had 1.5 million square feet of new inventory delivered over the last 12 months in the submarket. The average asking market rental rate is $8.32 per square foot and there are 2.2 million square feet of industrial space currently under construction in the submarket.

 
 



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Jason Tangen

Principal

Houston

Jason focuses primarily on industrial real estate investment sales. This includes buyer representation, property disposition, build-to-suit evaluations, development, sale-leasebacks, design-build, and other investment oriented transactions. He has more than 10 years of experience within the investment services sector and represents clients ranging from small private funds and family offices to publically traded REITs and other institutional investors.

Prior to Colliers, Jason worked for a small boutique commercial real estate firm where he was responsible for the upstart of the investment sales division.

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Todd Moore

Principal

Houston

Todd Moore joined Colliers International | Houston in November 2020 as a Principal where he focuses on investment sales of industrial, office, retail and sale leaseback transactions.

Prior to joining Colliers, Mr. Moore served as Director at Stan Johnson Company (SJC) where he spent nine years representing buyers and sellers of net leased assets throughout the United States. During his time with SJC, he transacted close to half a billion in investment sales and was recognized with the Sales Excellence Award and as a Top 10 Producer. He brings more than 12 years of commercial real estate experience to the Colliers team and has a unique ability to effectively analyze and transact leased investment property. 

Mr. Moore’s primary focus is on developers and investor clients in the industrial, office and retail market sectors throughout the United States. His commitment to client services promotes the development of strong relationships with top developers, Real Estate Investment Trusts (REIT) and private investors across the country.

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Connor Duffy

Senior Associate

Houston

Mr. Duffy comes from a background of real estate experts across the country and has a deep understanding of finance. As a second generation advisor in the commercial real estate industry, Connor provides a deep level understanding and knowledge of market research and leasing services throughout Houston, Texas.

With time spent on the process and execution of evaluating properties, Connor understands the value of properties and assists clients, helping them get the most for their assets. After experiencing training from the top producers here at Colliers in Houston, he is equipped to secure tenants looking for placement assistance and help investors make smart business decisions. Connor strives to provide a top-notch experience throughout the entire commercial real estate process and customizes each individual client need that comes across his desk.

Prior to joining Colliers International | Houston, he earned his BBA with a concentration in real estate from Florida State University and spent time working at NAI TALCOR gaining an understanding for the real estate industry and property management sector.

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