Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, has facilitated the sale of Northwoods Industrial Park, a 2.7-million-square-foot, 64-building industrial campus in Northwest Houston. The transaction represents the largest known industrial campus sale in Greater Houston by square footage and acreage.
Located at 11919 FM 529, Northwoods Industrial Park spans approximately 230 acres and was sold by The Texas Development Company to a joint venture between the Adkisson Group and PCCP. Stream Vice Chairman Jon Farris represented the seller in the transaction and has subsequently been selected to lead leasing for the property. The late Travis Land of Partners Real Estate represented the buyer.
“It was a pleasure to work with Raymond Krell, the Peterson family, and the entire team at The Texas Development Company throughout this disposition process,” said Farris. “Northwoods Industrial Park is truly a one-of-one asset that would be nearly impossible to duplicate. The property offers heavy cranes, massive power, expansive yard space, and proximity to a dense labor pool at a time when tenant demand for crane-served facilities in Houston has never been higher, with no indication of slowing in the foreseeable future.”
Currently 98% occupied by a mix of local, national, and international credit tenants, Northwoods Industrial Park is one of the region’s largest concentrations of industrial space. Every building within the park features one or more bridge cranes ranging in capacity from five to 75 tons, with crane hook heights ranging from 21 to 29 feet. Building eave heights range from 31 to 41 feet, and each facility includes above-standard three-phase electrical power, natural gas, and a fenced outdoor storage yard. The campus is also served by an active Union Pacific rail spur and private well that provides abundant water for industrial users.
Located near U.S. 290 and the Sam Houston Tollway, Northwoods Industrial Park offers three points of ingress and egress along FM 529 and is situated outside the 100- and 500-year floodplains with strong stormwater drainage. The combination of scale, specialized infrastructure, rail access, and highly functional industrial facilities positions the property to capitalize on continued demand from manufacturing, fabrication, distribution, and other industrial users across the Houston market.
