JLL Capital Markets closed the sale of PortNorth 59, a 462,250-square-foot Class A logistics building located at 7491 Rankin Rd. in Humble, Texas.
JLL represented the seller, Phelan Bennett Development, in the transaction. STAG Industrial Inc. acquired the asset.
The cross-dock distribution facility, which was delivered in the fourth quarter of 2024, sits on 22.2 acres and features 36-foot clear heights, 84 dock doors with 40,000-pound pit-levelers and four drive-in doors measuring 12 feet by 14 feet. The building includes 17,984 square feet of office space, representing 3.9 percent office finish, 231 car parking spaces and 101 trailer parking spaces within a fenced truck court spanning 180 feet. PortNorth 59 achieved full occupancy within five months of delivery, securing two quality tenants.
The property benefits from its proximity to George Bush Intercontinental Airport, located just 3.7 miles from the terminals. This strategic positioning capitalizes on the airport’s cargo operations, which handle more than 1,100 metric tons daily, and serves tenants requiring intermodal transport logistics connectivity. The facility provides direct access to Interstate 59 and lies within two miles of Beltway 8, enabling efficient distribution throughout the broader Houston metropolitan area.
The JLL Capital Markets team was led by Industrial Group Leader and Senior Managing Director Trent Agnew, Managing Director Charles Strauss, Director Lance Young and Analysts Brooke Petzold and Dawson Hastings.
