High Street Logistics Picks Up 1M-SF Houston Warehouse Portfolio

High Street Logistics Properties acquired a 1-million-square-foot industrial asset. Dubbed Northwest Spur Industrial Park, the portfolio consists of six buildings at 9300 Baythorne Drive and 4820 Blalock Road (shown) in Houston. 

The Houston Business Journal reports that the fully occupied industrial park encompasses 43.52 acres. featuring shallow-bay buildings constructed in 1980.

The park accommodates 14 diverse tenants across industries including packaging manufacturing, building supplies, plastics manufacturing, industrial supply, design and events and food and beverage. Five of the six buildings are directly served by a Union Pacific rail line.

A JLL Capital Markets team was led by Trent Agnew, Charlie Strauss, Lance Young, Brooke Petzold and Dawson Hastings.

Agnew added, “The property’s 30-year operating history with anchor manufacturing tenants, combined with near-term lease rollover creating mark-to-market potential exceeding 20%, presented a differentiated value proposition in the Houston industrial market.”

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