Independence Logistics Park

JLL capital markets, on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in Independence Logistics Park ("the Property"), a 96% leased, 2,332,957 square foot, rail-served industrial park located in Houston's Southeast submarket. Constructed from 2005 to 2018 and situated on approximately 133 acres, the Property is comprised of six buildings including four front-load and two cross-dock configured buildings. With an excellent location situated south of the ship channel and adjacent to the Port of Houston, the Property is well positioned to capitalize on the robust rent growth the Southeast submarket has experienced as a result of the nation leading TEU growth seen at Houston's two container terminals, Barbour's Cut (7.6 miles) and Bayport (10.0 miles). The Port of Houston is the 5th largest container terminal in the Unites States and experienced 15% year-to-date growth in total TEU volume in the first quarter of 2024 and a 27.4% increase in TEUs from 2020 (which is the largest growth rate seen across all U.S. Ports).

The Property features a highly diverse and flexible site plan accommodating shallow bay, bulk industrial, and rail users via the two rail-served buildings within the park (Buildings 3 & 4). With an average suite size of +/- 116,000 square feet, the Property caters to a highly underserved tenancy base in the Southeast submarket proven by its 95% average 5 year historical occupancy and an impressive average tenure of 6.3 years. The Property is 96% leased to 14 tenants with 3.6 years of weighted average lease term and a 23%+ average mark-to-market opportunity at expiration.