One of the world’s largest logistics companies has leased the entirety of a 500,000-square-foot industrial in Houston.
The tenant’s identity was not disclosed but Chicago-based Dayton Street Partners, which owns the industrial building, stated the tenant plans to use the warehouse for transloading, distribution, fleet maintenance and trailer parking.
The building at 5800 Mesa Drive is about 10 miles from Port Houston and features 330 terminal doors, 25 acres of trailer parking and a 33-bay, 46,000-square-foot maintenance facility across 95 acres, according to a spokesperson with Dayton Street Partners.
Dayton Street Partners acquired the property in January 2021, marking the company’s first investment in Texas. The new owner then spent $25 million on renovations. The industrial building was originally built in 1977.
The industrial property is located northeast of Interstate 610, just off State Highway 90. Other tenants in the area include several carriers, trucking companies, distributors and manufacturers such as Estes Express, J.B. Hunt, Knight Transportation, Kroger, Lineage Logistics, Rush Truck Centers, SAIA, Southwest Freight and Tyson Foods.
Also nearby include operation for the Union Pacific Rail, XPO Logistics, DHL and Michelin.
FOR THE RECORD
The tenant was represented by CBRE, while NAI Partners and Burr & Tempkin represented Dayton Street Partners.