Transwestern Investment Group

TRANSWESTERN INVESTMENT GROUP TO DELIVER NEW CLASS A INDUSTRIAL PARK IN HOUSTON

Innerbelt Northwest Logistics Will Offer 601,680 SF in Northwest Submarket

(JUNE 1, 2024 – HOUSTON) Transwestern Investment Group (TIG®), on behalf of a separately managed account, is developing Innerbelt Northwest Logistics, a two-building, Class A industrial park totaling 601,680 square feet on Fairbanks North Houston Road in Houston’s Northwest submarket. Delivery is expected in the second quarter of 2025.

“Construction hasn’t kept up with demand for new product in Houston’s industrial market,” said Mike McKenzie, Director of Acquisitions for TIG. “This project will help bridge that gap by providing users with a state-of-the-art facility in a prime location, quick access to several key interstate highways, and a short drive time to the Port of Houston.”

A preferred submarket for local distribution, Northwest Houston is a core national industrial market as well as Houston’s largest, most dynamic and historically strongest submarket. At the end of Q1 2024, the Northwest posted one of the highest pre-lease commitment rates (85%) in the Houston market, according to Transwestern research.

Innerbelt Northwest Logistics will consist of a 417,360-square-foot cross-dock building and a 184,320-square-foot front-load building featuring Class A specifications, including up to 36’ clear heights, front-load and cross-dock functionality, ESFR sprinklers, and above-average parking capacity for trailers and passenger vehicles.

Burton Construction is the general contractor for the project. Brian Gammill and Craig Bean of Transwestern Real Estate Services are the leasing agents.

ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®), a real estate investment adviser, seeks to provide value to institutional and high-net-worth 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.