Description

JLL Capital Markets on behalf of Ownership (the “Seller”), is pleased to offer qualified investors the opportunity to acquire the Highway 249 and Grand Parkway Exchange 2- Pack (the “Portfolio”). Comprised of two Class-A logistics buildings totalling 452,913 square feet, the Property is strategically located at the intersection of Highway 249 and the Grand Parkway in Northwest Houston, Texas. The Portfolio was constructed in 2024 and 2025, and is 100% leased with 3.3 years of weighted average lease term remaining.

The Portfolio offers potential investors strong in-place cash flow coupled with the value-add upside via marking rents to market. With two distinct cash flow profiles, the Portfolio offers investors both durable cash flow and near term upside with rents below market. The Portfolio is occupied by a single tenant, DPR Construction, who services their contract with a Fortune 30 technology company out of both buildings in the Portfolio.

The Highway 249 and Grand Parkway Exchange 2-Pack is strategically located at the intersection of Highway 249 and the Grand Parkway along one of the highest growth corridors in Houston, TX. The connectivity provided by both major Highways is highly sought after by users serving the broader Texas Triangle, as tenants can reach over 25 million residents from a single location. Comprising the four major Texas markets, the Texas Triangle accounted for 25% of all U.S. net absorption in 2025, with Dallas and Houston ranking amongst the top three markets nationally for total net absorption. The Portfolio presents an opportunity for investors to acquire two newly constructed industrial facilities in one of the country’s most fundamentally strong markets. The Seller and JLL will considers offers on the full portfolio as well as individual building offers.

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