JLL Capital Markets negotiated the sale of the NxNW Houston Class A Logistics Portfolio, a three-property industrial portfolio totaling 1,020,722 square feet of premier logistics space strategically positioned across Houston’s North and Northwest submarkets.
JLL represented the seller in the transaction. An Ares Real Estate fund (“Ares”) acquired the asset. Marq Logistics, which represents Ares’ vertically integrated global logistics real estate platform and is a leader in the development and operation of modern logistics facilities, will manage the portfolio.
The portfolio comprises six recently constructed industrial buildings with an average vintage of 2016 and is currently 95% leased to 10 tenants. The three properties include Central Green Corporate Center (516,134 square feet), North Houston Logistics Center Building G (351,400 square feet) and West Little York (153,188 square feet), offering diverse industrial configurations including cross-dock, rear-load and inverted front-load capabilities with clear heights ranging from 26 to 36 feet.
The properties are strategically located to capitalize on Houston’s growth dynamics, with Central Green Corporate Center positioned within a master-planned business park just six minutes from George Bush Intercontinental Airport and offering direct access to Hardy Toll Road. North Houston Logistics Center Building G benefits from direct Interstate 45 frontage, while West Little York sits in the heart of Houston’s Northwest submarket growth corridor near Highway 290. The portfolio’s locations provide exceptional connectivity throughout the Houston metropolitan area and access to the broader Texas Triangle region, which encompasses over 25 million residents within a five-hour drive radius.
The JLL Capital Markets team representing the seller included Senior Managing Director and Industrial Group Leader Trent Agnew, Managing Director Charlie Strauss, Director Lance Young, Senior Analyst Brooke Petzold and Analyst Dawson Hastings.
