Transwestern acquired 60 acres from Taub group.
HOUSTON – (Realty News Report) – Transwestern Development, in partnership with JP Morgan Asset Management, is developing the Sam Houston Distribution Center, which will have three industrial buildings totaling 833,720 SF and other development.
The 60-acre project is near Fairbanks North Houston Road, between Taub Road and Fallbrook Drive. The seller of the land was Texan Land and Cattle II Ltd., a partnership led by Henry J.N. Taub II.
Improvements to Highway 290 ensures the long-term growth of the northwest industrial market, said Ben Newell of the logistics group at Transwestern Development.
“Northwest Houston is a core national industrial market as well as Houston’s most dynamic and strongest submarket,” said Newell. “The massive infrastructure improvement to Highway 290 ensures the long-term continual growth of the Northwest submarket and serves as a catalyst for exponential commercial and residential development along the corridor.”
Feb. 19, 2019 Realty News Report Copyright 2019