Transwestern Investment Group

TRANSWESTERN INVESTMENT GROUP ACQUIRES 601,000-SF INDUSTRIAL PROPERTY IN HOUSTON

100% Leased Property in North Submarket

(MAR 1, 2024 – 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®) is a real estate investment adviser with $5.0 billion of assets under management. The firm serves a broad range of institutional and high-net-worth investors with its full-service investment management and Transwestern’s integrated operating platform.

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 investors across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. 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.