JLL closes sale of Houston’s Beltway North Commerce Center
The Class A industrial facility is fully leased to two tenants
HOUSTON, January 22, 2020 – JLL Capital Markets announces that it has closed the sale of Beltway North Commerce Center, a fully leased, Class A, cross-dock industrial distribution center totaling 352,680 square feet in Houston, Texas.
JLL marketed the property on behalf of the seller, Nuveen Real Estate. High Street Logistics Properties purchased the asset.
Completed in 2015, Beltway North Commerce Center features 32-foot clear heights, 110 dock-high doors via a cross-dock configuration, 68 trailer spaces, LED lighting and LEED certification. The property is fully occupied by Air General, an industry-leading national cargo handling company, and DB Schenker, a worldwide logistics company. Situated on 23.45 acres at 971 N Sam Houston Parkway E, Beltway North Commerce Center is at the intersection of the Hardy Toll Road and Beltway 8 (Sam Houston Tollway) providing regional connectivity throughout the Houston MSA. This mission-critical location is in Houston’s premier North Industrial submarket
The JLL Industrial Capital Markets team that represented the seller was led by Managing Director Trent Agnew, Senior Managing Director Rusty Tamlyn, Director Charlie Strauss and Analyst Katherine Miller.
“The Beltway North transaction is another example of continued interest from a deep buyer pool for industrial product both locally and nationally,” Agnew said. “This was our second transaction with the High Street team in the last 12 months here in Houston, as they continue to be a very active buyer.”
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.