Ares acquires Class A distribution center in Houston's Northwest submarket

HOUSTON, Apr. 21, 2026 – JLL Capital Markets announced today the sale of Fairbanks Northwest Distribution Center, a newly constructed, Class-A industrial property totaling 357,570 square feet in the Northwest Houston submarket.

JLL represented the seller, Triten Real Estate Partners, in the transaction. An Ares Real Estate fund (“Ares”) acquired the asset, and Marq Logistics, which represents Ares’ vertically integrated global logistics real estate platform and is a leader in the development and operation of modern logistics facilities, will manage the property.

The two-building campus at 7810 Fairbanks N Houston Rd. sits on 23.4 acres and features efficient cross-dock configurations designed to serve the dense residential population of Northwest Houston. Delivered in 2023, the property comprises Building 1, spanning 194,780 square feet, and Building 2, encompassing 162,790 square feet. The campus is currently approximately 80 percent leased to tenants in the automotive parts distribution and recreational facilities sectors.

The property's location offers direct access to Beltway 8 and Highway 290, positioning tenants within reach of Houston's most desirable industrial corridors. The site sits two miles from Beltway 8, three miles from Highway 290, seven miles from Interstate 69 and Interstate 610, and 12 miles from both downtown Houston and George Bush Intercontinental Airport. The property also provides connectivity to Port Houston's container terminals, located approximately 34 to 36 miles away.

Fairbanks Northwest Distribution Center occupies an infill location proximate to some of the fastest-growing communities in the country, with substantial residential development underway throughout Harris County. Multiple master-planned communities totaling tens of thousands of projected homes are being developed within a 20-mile radius of the property, significantly expanding the available workforce and consumer base in the immediate area.

The institutional-quality buildings feature 32-foot clear heights, interior motion-sensored LED lighting, outdoor LED lighting, high-efficiency TPO roofs, high-quality office finishes totaling 10,471 square feet and ESFR fire suppression systems. The property includes 72 dock doors, eight drive-in doors, 252 car parking spaces and 111 trailer parking spaces.

The JLL Capital Markets team representing the seller was led by Senior Managing Director and Industrial Group Leader Trent Agnew, Senior Director Charles Strauss, Director Lance Young and Associate Brooke Petzold.

"The Northwest Houston submarket continues to attract strong tenant demand given its infill location and superior access to both Beltway 8 and Highway 290, making it the preferred destination for industrial occupiers serving the metropolitan area's dense population centers," Agnew said. "With vacancy rates in the Northwest submarket significantly below the market average and sustained leasing momentum, this asset provides investors with stable cash flow paired with meaningful potential upside through the remaining vacancy."

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 December 31, 2025. 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.

Founded in 2011, Triten Real Estate Partners is a full-service and vertically integrated real estate investment, development, and operating company based out of Houston, Texas, with offices covering the nation in Dallas, Atlanta, and Baltimore. Triten focuses on identifying opportunistic relative-value strategies or unique placemaking investments where value can be created through a tailored experience focused on the changing trends in our industry. Triten is active in development, value-add repositioning, as well as undervalued assets where a mark-to-market arbitrage can be achieved. The company prides itself on being entrepreneurial and flexible in finding investments through a disciplined research and market-driven approach. For more, please visit: tritenre.com.

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2025, Ares Management Corporation’s global platform had nearly $623 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.