CRESCENT PARTNERS ACQUIRES 10,054 SQUARE FOOTAGE INDUSTRIAL BUILDING IN CYPRESS, TEXAS
CYPRESS, TEXAS, June 27, 2023 – Through its acquisition fund, CPIV Fund I, Crescent Partners has acquired a 10,054-square-foot industrial building located at 17667 Telge Road, Cypress, Texas 77429. The concrete slab foundation with structural EIFS Stucco/metal building is 100% leased to one tenant. 17667 Telge Road is its first acquisition in the Houston metroplex.
The building was constructed in 2016 and sits on 1.02 acres. The property features a new metal roof, 28-foot ceiling peaks, and an overhead crane that is ideal for many oil and gas service companies. 17667 Telge Road is located near Willowbrook with easy access to US Highway 290, Texas State Highway 249, and the Grand Parkway and is situated in affluent Cypress, a growing industrial area. We believe this property has the potential for significant growth and a considerable return on investment. Our investment portfolio continues to expand with the purchase of assets located in infill markets throughout the Dallas-Fort Worth Houston area.
About Crescent Partners, Inc.
Crescent Partners is an industrial real estate holding company that specializes in refining the art of acquisition, renovation, leasing, and property management to deliver a superior leasing experience, and deliver above-market returns to our investors. Crescent Partners targets the acquisition of single-tenant and multi-tenant industrial assets at below replacement cost, located in infill markets. To learn more about our growing portfolio, please visit www.crescentpartners.com. For leasing inquiries or questions about the property, please contact firstname.lastname@example.org. Interested in investing with us? Contact email@example.com.