100+-acre development site in Northwest Houston hits the market
JLL is marketing the property in a high barriers-to-entry area on behalf of Sysco
HOUSTON, November 5, 2020 – JLL Land Advisory Services announced today that it has been selected by Sysco to market a 105.67-acre development site for sale along US 290 in an infill, high barriers-to-entry area of Houston, Texas.
The site has 94.11 usable acres and is currently improved with a vacant 660,717-square-foot building built in 1979 and 1981. With 1,550 feet of frontage along US 290, the property is along a main thoroughfare within Houston provides connectivity to the entire MSA. The property has four access points, two of which are off 290 and two off Jarvis Road, and is surrounded by retail, restaurant, fitness and hotel amenities and within walking distance to a Park & Ride pick-up and drop-off location.
Due to a lack of available land on the east side of US 290, this site is positioned in a coveted area within the Northwest Corridor. Additionally, given it is within the city of Houston ETJ, the site isn’t restricted by zoning.
As other segments of the real estate business adjust to the current market challenges, the industrial sector has seen an increase in activity and is looking to capitalize on the e-commerce boom. With the available campus located on a major Houston artery, JLL predicts industrial mixed-use developers will have a solid interest in the tract.
The JLL Land Advisory Services team representing the seller is being led by President of JLL – Houston Dan Bellow, Executive Vice Presidents Louis Crapitto and Simmi Jaggi, Senior Vice President Elizabeth Clampitt, Vice President Chris Bergmann and Account Managers Franco Rivero and Lance Collett.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.