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Industrial Property Trust Acquires NW Houston Industrial Bldg. in Sale Leaseback

T&L Distributing to Continue to Operate out of 133,000-SF Facility Within Rampart Corporate Center
October 10, 2017
T&L Distributing completed a sale-leaseback with Denver-based REIT Industrial Property Trust (IPT) that will keep the Houston-based flooring distributor's operations within the Rampart Corporate Center.

T&L Distributing fully occupies the 133,480-square-foot facility at 7350 Langfield Rd., a two-story complex that delivered in 2012 just north of US-290 in the Northwest Near Industrial submarket. The facility features 34 loading docks, 30-foot clear heights and outside storage.

Dustin Volz, Kevin McConn, Zane Marcell and Grant Matthews of JLL's capital markets team represented the seller in the transaction.

Please see CoStar COMP #4023175 for more information on this transaction.
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