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Investors Gain Confidence in NW Houston Industrial

Investors find strength in the northwest Houston submarket as it continues to become more in-fill and with very limited flex product built this cycle, buyers have the ability to underwrite future rent growth.

5050 Westway Park A 63,550-square-foot flex/R&D building at 5050 Westway Park Blvd. was purchased by GBP.

HOUSTON—With limited flex options available, many investors are choosing to nab more than one property when the opportunity strikes. Such was the case when GBP Industrial purchased a 93,000-square-foot flex/R&D building at 7207 Gessner Rd. earlier this year.

Another flex/R&D building recently caught the eye of the private investment group; this time in the form of a 63,550-square-foot flex/R&D building at 5050 Westway Park Blvd. GBP Industrial purchased the fully leased building from Houston-based Vigavi. The purchase price was undisclosed.

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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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