HOUSTON – (Realty News Report) – An Ares Real Estate fund has expanded its Houston holdings with the acquisition of Fairbanks Northwest Distribution Center in Northwest Houston.
The seller, Houston-based Triten Real Estate Partners, completed the development in 2023. The industrial property totals 357,570 SF across two buildings at 7810 Fairbanks N. Houston Road.
JLL Capital Markets’ Trent Agnew, Charles Strauss, Lance Young, and Brooke Petzold represented Triten in the transaction.
The 23.4 acres campus consists of 194,780 SF in Building 1 and 162,790 SF in Building 2. The campus is 80% leased to tenants in the automotive parts distribution and recreational facilities sectors.
“The Northwest Houston submarket continues to attract strong tenant demand given its infill location and superior access to both Beltway 8 and Highway 290, making it the preferred destination for industrial occupiers serving the metropolitan area’s dense population centers,” Agnew said. “With vacancy rates in the Northwest submarket significantly below the market average and sustained leasing momentum, this asset provides investors with stable cash flow paired with meaningful potential upside through the remaining vacancy.”
Industrial vacancy in Northwest Houston totaled 6.6% in the first quarter, according to JLL. More than 8 million SF of industrial space was absorbed in the submarket in the first quarter.
Marq Logistics, which represents Ares’ vertically integrated global logistics real estate platform, will manage the property.
The deal follows Ares Real Estate’s acquisition of three industrial properties totaling more than 1 million SF across north and northwest Houston from an affiliate of Blackstone last year.
In April, Ares Real Estate, through certain funds, announced a deal to acquire Houston-based shopping center owner Whitestone REIT in a $1.7 billion transaction. The deal is anticipated to close in the third quarter.
Based in Los Angeles, Ares Real Estate had $113.8 billion in assets under management at year end. Ares Real Estate is part of global alternative investment manager Ares Management Corp.
April 23, 2026, Realty News Report Copyright 2026
Photo credit: Courtesy JLL
Mark Your Calendar: Commgate’s annual Developer Showcase will be held April 29 from 4:30 to 7:00 PM at the Houston Country Club. The Commgate event will provide Houston’s brokerage community an overview of significant Houston area commercial real estate developments in a small-scale trade show format. For more information: www.Commgate.com
THE RALPH BIVINS PROJECT PODCAST
LISTEN: THE RALPH BIVINS PROJECT with Mike Spears of Lee & Associates Houston
LISTEN: THE RALPH BIVINS PROJECT with Bob Parsley of Colliers Houston
LISTEN: THE RALPH BIVINS PROJECT with Mark Davis of Davis Commercial
LISTEN: THE RALPH BIVINS PROJECT with David Hightower of Midway
LISTEN: THE RALPH BIVINS PROJECT with Alex Kamkar of Bold Fox Development
LISTEN: THE RALPH BIVINS PROJECT with Brad McWhirter of Trahan Architects
LISTEN: THE RALPH BIVINS PROJECT with Lacee Jacobs of Rebel Retail Advisors
LISTEN: THE RALPH BIVINS PROJECT with Danny Rice of Colliers
LISTEN: THE RALPH BIVINS PROJECT with Trey Odom of Avera
LISTEN: THE RALPH BIVINS PROJECT with Kris Larson of Downtown Houston +
LISTEN: THE RALPH BIVINS PROJECT with Jim Carman of Howard Hughes Holdings
File: Real Estate Fund Grows Houston Portfolio