HOUSTON – Transwestern Investment Group (TIG®), on behalf of Transwestern Strategic Partners Fund III (“TSP Fund III”), announces it has acquired 10433 Ella Blvd. in Houston. The 601,426-square-foot industrial distribution facility is fully leased to Emser Tile.
“This acquisition aligns with our strategy to procure highly functional assets in major logistics markets across the country at a compelling basis,” said Mike McKenzie, Director of Acquisitions at TIG. “The positioning of 10433 Ella Boulevard within Pinto Business Park provides immediate access to major thoroughfares and proximity to the large pools of labor in North Houston, which made this an appealing acquisition opportunity.”
North Houston’s Pinto Business Park is the largest industrial park in the metro area, with tenants that include Coca-Cola, Sysco and Amazon. In proximity to George Bush Intercontinental Airport as well as Interstate 45 and Beltway 8, the building allows for distribution to over 25 million people in Houston, San Antonio, Dallas and Fort Worth within a five-hour drive time.
Due to its prime location, the North submarket continues to experience significant demand for industrial space, which has led to strong net absorption. According to Transwestern research, the submarket ended the 2023 with less than 6% vacancy.
JLL brokered the deal.
A photo of the property is available for download here.
In October 2022, TIG announced the close of TSP Fund III. The fund closed with $325 million of commitments, the company’s largest fundraise to date, and focuses on diversified value-add investment and development opportunities in markets across the U.S. that are driven by strong job growth and global supply chains.
About Transwestern Investment Group
Transwestern Investment Group (TIG®), a real estate investment adviser, seeks to provide value to institutional clients through what we believe to be compelling, thematic investment opportunities across property types and risk profiles within the United States. Part of the Transwestern companies, we have sourced and executed more than $7 billion of real estate investments to date in 26 markets.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Through offices nationwide, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
Media Contact:
Monica Sparreo
312.881.7059
monica.sparreo@transwestern.com
twmediarelations@transwestern.com
