Real estate company

Houston-based real estate company acquires 5 buildings, first of year outside Texas

Photo by Katherine Feser

Welcome Group purchased a Pearland building which is leased by the medical device company Cardiovascular Systems.

KRISTI NIX / The Journal

Welcome Group, a Houston-based developer specializing in single-tenant manufacturing, laboratory, warehouse and distribution buildings, has acquired five properties as the company expands its portfolio in Texas and beyond. The acquisitions consisted of two properties each in the Houston and San Antonio area and one in South Carolina.

The company, which purchased its first buildings outside of Texas this year in Georgia, is targeting occupied properties in high-growth markets in the Southeastern United States, according to President and CEO Welcome Wilson Jr.

The latest acquisition includes a 97,108 square foot manufacturing / office facility at 522 Gillingham Lane in the Sugar Land business park. The building is occupied by Cubic ITS.

At Pearland, Welcome Group purchased a 46,000 square foot building leased by medical device maker Cardiovascular Systems at 14740 Kirby Drive.

RELATED: Real Estate Transactions: Women-Centric Coworking Company Gets New Midtown Location

The San Antonio properties consist of an 80,431 square foot office / laboratory space leased by KCI USA at 6203 Farinon Drive and a 43,860 square foot office / laboratory space at 6603 First Park Ten Blvd.

The company’s first property in South Carolina is a 201,500 square foot facility in Moncks Corner, north of Charleston. Sea Fox Boat Co. occupies the space.

With the acquisitions, Welcome Group owns 126 industrial properties covering more than six million square feet.

Source link