NorthPoint Development plans to develop a 2.5million-square-foot master-planned industrial park.
HOUSTON—While the acquisition price was undisclosed, anacquisition total of 190 acres points to something big afoot. Inwhat is reportedly the largest industrial land transaction year-to-date, NorthPoint Development LLCnabbed the site located at US 90 and Uvalde Road. The seller wasSowell Equities-Forestwood LP.
NAI Partners' Michael Keegan, a partner in the firm's industrialgroup, represented the seller in the transaction.
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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.
