Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Houston-Galveston  + Industrial  |  October 11, 2024
Partners planning industrial park near IAH
Mike Boyd
By: Mike Boyd

Partners Platting Industrial Park Near IAH

Partners Capital has acquired 153 acres near Houston’s George Bush Intercontinental Airport (IAH) for an industrial park.

The company bought the land at the southeast corner of FM 1960 and Aldine Westfield Road and hopes to break ground on the $12 million project by September 2025. The land, just northwest of Intercontinental Airport, is one of the few remaining developable tracts in that area.

The Houston Business Journal reports the plan is to sell different tracts to speculative developers or end users. With 120 developable acres, that could mean about 1.5 million square feet of industrial space and anywhere from two to seven users.

Partners is already in talks with two potential buyers, a spec developer and a user.

CBRE says vacancy in the submarket was 5.1% in the third quarter, significantly lower than the Houston average of 6.2%.

Connect

Inside The Story

Partners Capital

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
Order Reprints