December 1, 2020
Triten Real Estate Partners (TREP) announced Tuesday that it has acquired the headquarters of Polar Service Centers, a parts and repair service provider to the tank trailer industry. The off-market acquisition is part of a long-term sale-leaseback agreement.
Financial terms of the transaction were not disclosed.
The Northeast Houston property is located at the intersection of major thoroughfares, Beltway 8 and Highway 90. The 58,700-square-foot facility has a 23-door maintenance facility, 10 acres of parking and storage, and corporate offices.
“We are excited to partner with Polar Service Centers — a leader in the tank trailer industry with over 32 mission-critical locations,” said TREP associate principal Charles Lintakoon. “7600 East Sam Houston is a great addition to the Triten ISF portfolio where we continue to focus on mission-critical facilities with a large outdoor storage component.”
Founded in 2011, TREP operates out of offices in both Dallas and Houston, managing more than 3 million square feet with $550 million in gross assets. TREP focuses on the acquisition, development and redevelopment of industrial service facilities (ISFs) throughout the nation.