PHP Capital Partners has entered the Houston market with the purchase of Point West Business Park, a 145,915-square-foot light-industrial portfolio in southwest Houston. The off-market purchase is the firm’s first in the Houston area.

Located on 10 acres at 10161 Harwin Dr., Point West consists of three single-story light industrial buildings. The Park offers access to Westpark Tollway and Beltway 8, and is a 10-minute drive to both Interstate 10 and Interstate 69.

“Given the market’s fundamentals and specifically what’s happening in southwest Houston, we’re excited to add Point West Business Park to our portfolio as we continue to pursue similar infill industrial properties,” said Pete Van Amburgh, co-founder of PHP. “We’ve put a big target on Houston as a primary market to expand into and we’re certainly on the hunt for more.”

Van Amburgh, along with Hunter Harrison and Paul Carr, founded the firm in January 2021 to capitalize on the increased demand for infill industrial properties as a result of shifting consumer shopping behavior, rising e-commerce, and third-party logistics activity and supply chain disruption during the pandemic.

Since launching in January, PHP has sourced and closed on five transactions totaling more than 500,000 square feet of multi-tenant light industrial properties in Dallas-Fort Worth and now Houston. PHP is actively pursuing more properties in the major Texas markets and anticipates closing more deals by the end of the year.