141,360 SF Class A industrial asset fully leased to e-commerce giant trades hands
News release
29 May 2025
JLL closes sale of premier last-mile facility in Northwest Houston
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HOUSTON, May 29, 2025 – JLL Capital Markets announced today the sale of DHT-4 Last Mile, a 141,360-square-foot, Class A industrial facility in the Northwest Houston submarket of Cypress, Texas.
JLL worked on behalf of the seller, Vigavi Realty, LLC. Allegra Holding Group acquired the asset.
Completed in 2022, DHT-4 Last Mile features 32-foot clear heights, LED lighting, ESFR fire suppression and high-quality office finishes. The state-of-the-art distribution center, which is fully leased to a premier e-commerce user, sits on approximately 37 acres, providing ample parking with 233 auto spaces and 940 van spaces.
The property is strategically located at 15302 Cypress North Houston Road, offering immediate access to Highway 290 and Beltway 8. This prime infill location in Northwest Houston allows the tenant to efficiently serve the dense and rapidly growing population centers in the region.
The JLL Capital Markets team was led by Senior Managing Director Trent Agnew, Senior Director Charles Strauss and Director Lance Young.
"DHT-4 Last Mile generated significant investor interest due to its high-quality construction, long-term tenancy and strategic location in one of Houston's most desirable industrial submarkets," said Agnew. "The Northwest Houston industrial market continues to exhibit strong fundamentals, with sustained leasing volumes, declining vacancy and rising rental rates. This asset is well-positioned to provide the buyer with stable cash flow years to come."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Vigavi
Vigavi is a privately held industrial real estate investment and development firm based in Houston, Texas. Founded in 2009, Vigavi focuses on speculative and build-to-suit development, along with strategic land investments, and has developed across all primary submarkets throughout the greater Houston market. For more information on Vigavi visit www.Vigavi.com.
About Allegra Holding Group
Allegra is a Spanish real estate investment group chaired by Mario Losantos. It manages a real estate portfolio of more than $1 billion in different markets (USA, UK, Spain, Portugal, New Zealand, Australia), with the USA being the most significant market in its portfolio. In the USA, they have had an investment presence for more than 15 years, especially in the logistics and residential sectors. The group also has a foundation (Mario Losantos Foundation) for more than 25 years, to which it contributes a part of the Group's profits. The Foundation is dedicated to supporting social projects and specialises in bereavement.