Griffin Partners Announces Disposition of Industrial Development in N Houston

Griffin Partners, an entrepreneurial commercial real estate investment, development and property management firm, recently sold Pinto 23, a Class A industrial development in North Houston to Hines, the global real estate investment, development, and property manager. Pinto 23 is located within Pinto Business Park and was co-developed with Pinto Realty Partners.

The newly delivered project, Pinto 23, features a 282,190-square-foot cross-dock industrial building with 36-foot clear heights, 76 dock doors, 112 trailer spaces with capacity for 44 additional spaces and 4,604 square feet of spec office and frontage along Beltway 8, one of Houston’s most strategic logistical thoroughfares.

Located at 10909 Greens Crossing Boulevard, the project is strategically located at the Southwest intersection of Interstate 45 and Beltway 8 in the North Houston submarket within Pinto Business Park. Pinto Business Park, Houston’s largest deed-restricted business park with over 5.3 million square feet of rentable space, is currently over 98% leased.

Griffin Partners and Pinto Realty Partners delivered the Project in October 2022 and were already seeing significant leasing activity prior to the sale.

Trent Agnew at JLL represented the seller in the transaction. Hines has awarded the leasing of the property to Faron Wiley at CBRE.

In addition to the building amenities and quality construction, the Pinto Business Park location has attracted numerous national corporations within a one-mile radius, including Amazon, Sysco, Coca-Cola, Home Depot Supply and Emser Tile distribution centers. Directly adjacent to the site on its western edge, Amazon occupies an 850,000-square-foot fulfillment warehouse.