JLL completes sale of Northwest Spur Industrial Park in Houston

HOUSTON, June 30, 2026 – JLL Capital Markets announced today the sale of Northwest Spur Industrial Park, a six-building, 1,010,912-square-foot industrial portfolio in Houston, Texas.

JLL represented the seller in the transaction. High Street Logistics Properties acquired the asset.

Located at 9200-9300 Baythorne Drive and 4820 Blalock Road in Houston, the fully occupied industrial park encompasses 43.52 acres and features shallow-bay buildings constructed in 1980, with clear heights ranging from 18 to 24 feet. The portfolio includes 216 dock doors, 24 ramps, 587 car parking spaces and recently updated roofing systems across the buildings.

The park accommodates 14 diverse tenants across industries including packaging manufacturing, building supplies, plastics manufacturing, industrial supply, design and events and food and beverage. Five of the six buildings are directly served by a Union Pacific rail line, a specialized amenity that creates consistent demand among manufacturing and distribution tenants requiring rail connectivity.

The Northwest Houston submarket represents one of the region's most dynamic industrial corridors, benefiting from proximity to George Bush Intercontinental Airport, the central business district and major container terminals.

The JLL Capital Markets team was led by Senior Managing Director Trent Agnew, Managing Director Charlie Strauss, Senior Director Lance Young, Associate Brooke Petzold and Analyst Dawson Hastings.

"High Street recognized the exceptional fundamentals of a fully occupied, rail-served industrial park in an infill location that would be prohibitively expensive to replicate today," said Agnew. "The property's 30-year operating history with anchor manufacturing tenants, combined with near-term lease rollover creating mark-to-market potential exceeding 20%, presented a differentiated value proposition in the Houston industrial market."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group 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. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

High Street Logistics Properties is a private equity real estate investment management company, investing in institutional quality industrial and logistics properties located in major markets across the United States.

For further information, visit https://highstreetlp.com/