Jones Lang LaSalle (“JLL”) on behalf of ownership, is pleased to offer for sale Commerce Center Stafford (the “Property”), a best-in-class flex/light industrial park comprised of sixteen buildings totaling 245,495 square feet in the southwest Houston industrial submarket. Built between 1996-2004 and currently 87% occupied, the Property has benefited from significant leasing activity and rent growth due to it’s strategic location and limited supply in the surrounding area. The Property offers new ownership the opportunity to acquire a multi-building portfolio with upside via lease-up and marking rents to market rates, which are currently 16.5% below market, in one of Houston’s premier industrial submarkets.
· Quality Assets With Robust Leasing Activity
· Strategic Location In Southwest Houston
· Versatile Light Industrial Product
· Land Constrained Micro-Market
· Institutionally Preferred Submarket
· Houston: Nation Leading Growth