FORT CAPITAL ACQUIRES 322K+ SQUARE FEET OF CLASS B INDUSTRIAL IN HOUSTON

FORT WORTH, Texas (April 18, 2022) – We are continuing to expand our presence in the Houston market with two acquisitions totaling 322,475 square feet. The latest acquisition, Haynes-Theall Industrial Park, is located at 12634 Haynes Road in Houston, Texas. This 197,400 square foot asset consists of 19 Class B, multi-tenant industrial buildings with an in-place occupancy of 96%. Located in the heart of the North Freeway/Tomball Parkway, this asset provides optimal location to 36 tenants across a variety of industries including automotive, construction, printing, plumbing, electric, appliances, and furniture.

Harwin Business Park, located at 9801 Harwin Drive in Houston, has also been added to our portfolio. These six Class B, multi-tenant industrial buildings are home to 64 tenants. The 125,075 square foot portfolio currently has an in-place occupancy of 98%. Situated in the Southwest Outer Loop submarket of the greater Houston MSA, this asset provides access to the Westpark and Sam Houston Tollways, I-69, and Downtown Houston.

“We acquired our first property in Houston in 2020 when we recognized that although Houston is the largest market in Texas, the industrial market was lagging behind other Texas markets which has presented strong investment opportunities. Our light industrial quickly began outperforming and we are proud to now own over 1 million square feet in Houston,” said Jason Baxter, CEO and President.

We are actively acquiring Class B industrial and office buildings between $10 million to $75 million throughout major cities within Texas, as well as Florida and Tennessee. Please submit any deals that match this criteria to deals@fort-companies.com.