JLL Capital Markets closed the sale of Fairbanks Northwest Distribution Center, a newly constructed, Class-A industrial property totaling 357,570 square feet in the Northwest Houston submarket.
JLL represented the seller, Triten Real Estate Partners, in the transaction. An Ares Real Estate fund (“Ares”) acquired the asset, and Marq Logistics, which represents Ares’ vertically integrated global logistics real estate platform and is a leader in the development and operation of modern logistics facilities, will manage the property.
The two-building campus at 7810 Fairbanks N Houston Rd. sits on 23.4 acres and features efficient cross-dock configurations designed to serve the dense residential population of Northwest Houston. Delivered in 2023, the property comprises Building 1, spanning 194,780 square feet, and Building 2, encompassing 162,790 square feet. The campus is currently approximately 80 percent leased to tenants in the automotive parts distribution and recreational facilities sectors.
The property’s location offers direct access to Beltway 8 and Highway 290, positioning tenants within reach of Houston’s most desirable industrial corridors. The site sits two miles from Beltway 8, three miles from Highway 290, seven miles from Interstate 69 and Interstate 610, and 12 miles from both downtown Houston and George Bush Intercontinental Airport. The property also provides connectivity to Port Houston’s container terminals, located approximately 34 to 36 miles away.
Fairbanks Northwest Distribution Center occupies an infill location proximate to some of the fastest-growing communities in the country, with substantial residential development underway throughout Harris County. Multiple master-planned communities totaling tens of thousands of projected homes are being developed within a 20-mile radius of the property, significantly expanding the available workforce and consumer base in the immediate area.
The institutional-quality buildings feature 32-foot clear heights, interior motion-sensored LED lighting, outdoor LED lighting, high-efficiency TPO roofs, high-quality office finishes totaling 10,471 square feet and ESFR fire suppression systems. The property includes 72 dock doors, eight drive-in doors, 252 car parking spaces and 111 trailer parking spaces.
The JLL Capital Markets team representing the seller was led by Senior Managing Director and Industrial Group Leader Trent Agnew, Senior Director Charles Strauss, Director Lance Young and Associate Brooke Petzold.
