Park 8 | 290

Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer for sale Park 8 | 290 (“the Property”), a 185,925 square foot Class A industrial business park located at the northeast intersection of Beltway 8 and Highway 290. The Property's site plan caters to users looking for 1,800 to 18,000 square feet. The Northwest Houston location at the intersection of Beltway 8 and Highway 290 is the "main-and-main" location for industrial tenants serving the rapid population growth in Northwest and West Houston. The existing tenancy base is comprised of showroom users, distribution tenants, and service providers all located at the Property due to the proximity to their employment base and/or clientele. As developers continue to focus on "big box" development catering to larger distribution tenancy, unique shallow-bay product in infill, land constrained locations like Park 8 | 290 represent irreplaceable real estate insulated from new supply and impossible to replicate today. Ownership has maintained the property to the highest standard offering new investors the opportunity to acquire a best-in-class, light industrial asset with healthy cash flow, immediate upside, and minimal future capital expenditure. Currently 85.5% leased with five make-ready vacancies available at the Property ranging from 1,800 to 10,800 square feet, new ownership has the unique opportunity to add immediate value via stabilizing the asset.