Northwest Houston Manufacturing Portfolio

JLL Capital Markets is pleased to present qualified investors the opportunity to acquire the fee simple interest in Northwest Houston Manufacturing Portfolio (“the Portfolio”), a 127,626 square foot crane-served warehouse portfolio in Houston’s North & Northwest submarkets. Prairie Oak Business Park is made of up three single-tenant manufacturing buildings that are strategically located at the corner of Beltway 8 and Highway 249. Brittmoore Park consists of a single-tenant manufacturing building located just a few minutes west of Beltway 8. Currently 100% leased with an average remaining lease term of 3.8 years, the Portfolio presents an attractive value-add opportunity to investors to mark tenants to market with an 13%+ mark-to-market opportunity upon lease expiration while collecting a stable cash flow.

With 91 million square feet of product boasting a vacancy of only 1.3%, Houston’s manufacturing sector offers an opportunity to capitalize on outsized rent growth given the lake of supply due to construction costs. The Portfolio’s prime location in the North/NW submarkets positions it to capitalize on robust leasing velocity and attract tenants seeking smaller footprints. The Carson Crane-Served Portfolio is aligned to benefit from Houston’s nation leading manufacturing fundamentals, making this a unique and attractive offering to investors in the market.