
Generation Park Target Distribution Center
11750 Timber Forest Drive, Houston, TX, 77044, US
1,395,410 sf
JLL Capital Markets, on behalf of the seller, is pleased to offer qualified investors the opportunity to acquire three light industrial assets located in one of Houston’s premier master-planned industrial parks, World Houston Intercontinental Business Center. The Portfolio is comprised of three rear-load industrial buildings totaling 100,402 square feet. World Houston Buildings 15, 31A, and 31B (the “Portfolio”) are adjacent to George Bush Intercontinental Airport and conveniently located just 3.5 miles from the terminals in North Houston. The irreplaceable, infill location with immediate access to Beltway 8 position the Portfolio to cater towards Houston's light industrial tenants serving the dense population in the surrounding areas.
The Portfolio is home to a total of eleven tenants with suite sizes ranging from approximately 3,000 square feet to 17,000 square feet. Both the location and suite sizes within the Portfolio would be highly difficult and costly to replicate today, insulating the Portfolio from the future development pipeline.
Currently 85% leased with 3.5 years of weighted average lease term remaining, potential investors have the unique value-add opportunity to significantly grow NOI through the lease-up of remaining vacancies and a continued office pullback strategy.