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Buyers Awake to Depth of Tenant Demand

In the past, Southwest Houston would have trailed other notable submarkets in terms of investor preference but buyers are drawn to the population proximity and the ability to serve it quickly.

Stafford Grove Industrial Park Stafford Grove Industrial Park is comprised of three class-A industrial warehouse buildings.

STAFFORD, TX—Completed in 2017, Stafford Grove Industrial Park is comprised of three class-A industrial warehouse buildings totaling 351,960 square feet in this southwest Houston suburb. It is located at 10633, 10643 and 10653 W. Airport Blvd. at the intersection of Murphy Road.

The park recently sold to an investment platform sponsored by the Black Creek Group LLC for an undisclosed price. The property is 84.5% leased to seven tenants with an additional 54,550 square feet of vacancy remaining in two spaces. Features include 24- to 30-foot clear heights, a total of 120 dock-high doors, 130-foot truck courts, three drive-up ramps and 38 trailer parking spaces between each building.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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