Large Spec Industrial Project in Northwest Submarket Fully Leased in Six Months
September 02, 2021
Houston – Transwestern Real Estate Services (TRS) and J.P. Morgan Global Alternatives announce four new leases that have brought Sam Houston Distribution Center, a Class A, 833,720-square-foot speculative industrial project, to 100% occupancy. The Transwestern team of Brian Gammill, Darryl Noon, Jude Filippone and Carter Thurmond provided leasing and marketing services on behalf of the owners.
Located at 9625 Fallbrook Pines and 8828 Taub Road near Beltway 8, Sam Houston Distribution Center is in the epicenter of Houston’s dynamic Northwest submarket. The three-building asset includes a large cross dock, two front-loading buildings with 32’ to 36’ clear heights and additional land for trailer parking. Developed as a joint venture between Transwestern Development Company and J.P. Morgan Global Alternatives, construction was completed in 2020.
The transactions include:
- A 494,800-square-foot lease with Goodman Manufacturing Company, a worldwide leader in residential and commercial HVAC systems, represented by Seth Koschak of Stream Realty Partners.
- A 200,200-square-foot lease with Foxconn Assembly LLC, a computer and peripheral equipment manufacturing company, represented by Reggie Beavan and Joshua Brown of Newmark Knight Frank.
- A 97,440-square-foot lease with Freeway Logistics, a logistics company specializing in warehousing, e-commerce fulfillment and supply chain solutions, represented by Beau Kaleel and Michael Foreman of Cushman and Wakefield.
- A 41,280-square-foot lease with Thunder Logistics, a freight transportation company, represented by David Buescher of JLL.
“We were confident that the location and flexible building design of this speculative project would perform well, but the strong interest in the property and rapid execution of leases with high-quality tenants exceeded our expectations,” said Doug Schwartz, CIO, Real Estate Americas at J.P. Morgan Global Alternatives. “The Transwestern team’s efforts have resulted in a successful outcome for both our investors and the new occupants of Sam Houston Distribution Center.”
Photography is available for download here.
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than 50 years as an alternatives investment manager, $191 billion in assets under management and more than 600 professionals (as of June 30, 2021), we offer strategies across the alternative investment spectrum including real estate, private equity, private credit, hedge funds, infrastructure, transportation and liquid alternatives. Operating from offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client's specific objectives. For more information: jpmorgan.com/am.
About Transwestern Development Company
Transwestern Development Company (TDC®) creates value through the execution of development projects for itself, its partners and valued clients throughout the United States. Part of the Transwestern companies, the diversified business develops logistics, multifamily, office, mixed-use and healthcare properties, with a pipeline of projects in process or completed since 2012 exceeding $7.1 billion.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.