Jackson-Shaw Secures Full-Building Lease in Houston
Jackson-Shaw has secured a full-building lease at its Post Oak Logistics Park, a two-building industrial project totaling 536,992 square feet in Houston. Festival Trading Co. is the tenant and will occupy the 168,893-square-foot Building A, committing to the space for 10 years, according to Harris County public records.
Other partners at the project include an affiliate of Greystar Real Estate Partners as equity partner, Rosenberg Construction as general contractor, WGA as civil engineer and Powers Brown as architect of record. In late 2021, the landlord secured $34.5 million in financing originated by BancFirst, according to the same source.
Building A will be a front-load facility at 12631 Main St. The property is slated to include 32-foot clear heights, ESFR sprinkler systems, two drive-in doors, 30 dock doors, 33 trailer parking spots and 71 vehicle parking spots with the option to add up to another 141.
Plans for the 368,099-square-foot Building B call for a cross-dock industrial facility that will feature 36-foot clear heights, four drive-in doors, 102 dock doors, ESFR sprinkler systems, 58 trailer parking spots and 246 vehicle parking spots with the possibility for an additional 124.
Post Oak Logistics Park will be located on 43 acres, close to U.S. Highway 90, allowing quick access to Beltway 8 and Interstate 610. The two-building industrial campus will be 15 miles from William P. Hobby Airport, 32 miles from George Bush Intercontinental Airport, 35 miles from the Port of Houston and within 50 miles of the Texas City Port.
Following this deal, Post Oak Logistics Park is 31 percent preleased. Cushman & Wakefield’s team of Executive Managing Director Beau Kaleel and Executive Director Michael Foreman negotiated on behalf of the landlord and is marketing the second building for lease.
Recent Jackson-Shaw projects in Texas
Jackson-Shaw has other significant industrial developments in Texas under various stages of development. In January, the company partnered with Compatriot Capital for the development of Lakeview Business Center, a 1.8 million-square-foot industrial campus within Dallas Fort Worth’s submarket of Rowlett, Texas. The project is financed with a $69 million construction loan.
Another project currently underway is ATX 130, a business park that is slated to bring 602,400 square feet of warehouse, distribution and office space in Austin, Texas. The four-building development is expected to come online this year.
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