Highland Grove 4 & 5

JLL Capital Markets, on behalf of ownership, is pleased to offer for sale Highland Grove Business Park 4 & 5 (“the Property”), two newly constructed, Class-A industrial assets totaling 385,450 square feet located in the Northwest Houston submarket. Comprised of a 158,730 square foot front-load (B4) and a 226,720 square foot cross-dock (B5), the Property is situated in a best-in-class master planned industrial park totaling approximately 1.1 million square feet across 5 buildings. The Property is 100% leased to Daikin Comfort Technologies with 1.3 years of weighted average lease term remaining via staggered lease expirations and is only 17 miles from Daikin’s four million square foot Waller plant. Proximate to some of the fastest growing communities in the country, the Property boasts immediate access to a deep workforce and the center of Houston’s geographical population.

Highland Grove 4 & 5 offers investors the attractive opportunity to secure strong in-place cash flow via a committed single tenant and capitalize on the robust rent growth occurring in the Houston industrial market. The assets are owned by entities that are taxed as REITs. Any offers for purchase should take into account a transaction structure that involves acquiring ownership of the shares of the REIT.