EastGroup buys in Houston

EastGroup Properties purchased the 125,000-square-foot Kirby Business Center in Houston, Texas.

The value of the transaction was $4.2 million.

The property, located in the south Loop 610 submarket near Reliant Stadium, was constructed in 1980.

At the time of sale, the property was 100 percent leased to two tenants.

EastGroup Properties Inc. is a self-administered equity real estate investment trust focused on the acquisition, ownership and development of industrial properties.

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