Harbor Capital is delighted to announce the successful sale of a 68,616-square-foot industrial facility located on 7.2 acres at 400 Conroe Park West in Conroe, TX.
Cary Latham and William Culp from Stream Realty represented Harbor Capital in this transaction. On the buyer’s side, representation was provided by Blake Deer, Carson Deer, and Matthew Cooper of Capital Real Estate.
Harbor Capital delivered stellar returns to its investors in this investment, exceeding the initial underwritten IRR projections by 22%. This achievement is another in a lone record of delivering strong returns to investors of Harbor Capital, having produced an outstanding return to investors over the asset’s 31-month hold period.
Harbor Capital’s commitment to excellence and investor satisfaction is further underscored by the feedback from those directly involved in the success of the 400 Conroe deal. One such investor, Isaac Specter, shared his thoughts on the experience:
“I am incredibly grateful to the team at Harbor Capital for their outstanding work on our investment in 400 Conroe. From the start, I have completely trusted their strategy while still greatly appreciating the consistent communication throughout the process. The strong returns we’ve seen are a testament to their expertise, and I look forward to a long and successful partnership with Harbor Capital.”
Credit is also extended to the firm’s dedicated asset management team for their exceptional service and commitment to seeing the deal through to a successful sale and the asset’s valued property management team at EDM Property Services.
The Harbor Capital team celebrates this accomplishment and looks forward to future successes across its substantial portfolio of industrial assets in Texas.