Partners Development
, the development platform of Partners Real Estate, announced the acquisition of 7.1 acres of industrial land in Southwest Houston’s Fort Bend County. The project aims to respond to the robust demand for small- to mid-sized industrial space in the area.
The planned development will feature two modern industrial facilities catering to a diverse range of users by offering flexible space solutions, excellent accessibility, and cost efficiency. The project may be developed in phases, allowing for adaptability in response to dynamic market conditions while providing multiple exit strategies, including individual building sales or leasing options.
“This acquisition represents a tremendous opportunity to address the strong demand for smaller industrial buildings in the Southwest Houston market,” said Chris Haro, a Partner and lead broker on the project for Partners’ Industrial team. “With its prime location and market-driven design, we anticipate significant interest from users looking for well-located, functional industrial space with frontage on Beltway 8.”
Carter Perrin, a Partner and Managing Director of Partners Development-Texas, emphasized the strength of the team behind the project. “This acquisition is a testament to the collaborative nature of the Partners’ platform to identify, capitalize and invest in unique opportunities to deliver high-quality industrial developments in key markets,” Mr. Perrin said. “With a seasoned team of brokers and developers working hand-in-glove, we are confident that this project will be a great success and provide excellent value for our investors and future tenants.”
The Southwest Houston industrial market continues to experience robust demand for smaller industrial buildings, making this acquisition particularly well-timed. The project’s strategic location, below-average land basis, and flexible development approach position it for strong market absorption upon completion.
About Partners
Partners is one of the largest privately-held and independently-owned commercial real estate firms in the U.S. with three key operating segments: 1) Full-service Occupier & Investor business; 2) Partners Capital, an investment management platform specializing in the acquisition and disposition of industrial, retail, healthcare, hospitality, land and office properties via multiple investment funds; and includes Partners Finance, a registered broker dealer and FINRA / SIPC member engaged in offering real estate investment funds and individual investment opportunities to qualified individual investors, family offices and institutions; 3) Partners Development, which creates first-class development projects for our clients & investors. www.partnersrealestate.com
