Fort Capital Buys 711 KSF Houston Industrial Portfolio
The company plans to add another 725,000 square feet to its local footprint by year-end.
Houston Prime. Image courtesy of Fort Capital
Fort Capital has acquired a 711,399-square-foot industrial portfolio in Houston, consisting of 23 Class B buildings across suburban submarkets. This marks the largest acquisition made by the company to date.
Fort Capital plans to add another 725,000 square feet to its Houston portfolio by the end of the year, bringing its overall total to 6 million square feet, a decision influenced by strong fundamentals in the Houston market, as stated in prepared remarks by Jason Baxter, CEO of Fort Capital. Since 2020, the company acquired 3 million square feet in the Houston market.
The portfolio is 75 percent leased to a diverse roster of tenants. Here are some of the newly acquired assets:
- Emmott Business Center at 8807 Emmott Road
- Eldridge Business Center at 6830 N. Eldridge Parkway
- West Belt Business Center at 6125 W. Sam Houston Parkway N.
- Keough Business Center at 16623 Aldine Westfield Road
The properties are proximate to major transportation arteries, such as interstates 10, 45 and 610, Sam Houston Tollway, U.S. 290 and 59, that connects tenants to Houston Ship Channel, George Bush Intercontinental Airport and Houston Hobby Airport.
Just last month, Liberty Development Partners acquired a 1,158-acre campus in the Houston area, planning to accommodate 14.7 million square feet of development.
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