Pagewood Acquires Infill Port of Houston Industrial Park

Pagewood, a vertically integrated real estate investment and operations company, is pleased to announce it has acquired another Houston asset located at 10205 Market Street Road. With 97,997 square feet of industrial space, the multi-tenant business park will cater to small and large users in a high-quality infill location.

Pagewood will implement a capital improvement program to enhance the property, creating high-quality options near interstates I-10 and 610, two of the most trafficked and critical thoroughfares in Houston. By leveraging Pagewood’s data science platform and AI tools, Nick Spearman, vice president, was able to identify and close the deal off-market within a timeframe of just four months after joining the firm. 

“It is incredibly rare to find irreplaceable real estate in an infill location like Market Street Business Park, off-market,” said Spearman. “With historically minimal marketing and management, our team is excited to roll up our sleeves and deploy our institutional management and operating expertise to add value to both the surrounding community and tenant stakeholders, while delivering value to our investors. 

“We are extremely excited to grow our industrial real estate holdings in Houston with this transaction,” said Mat Volz, managing principal. “Market Street Business Park represents everything that Pagewood looks for in its infill, multi-tenant industrial property aggregation strategy. By the end of this year, we expect to assemble over one million square feet of product that fits within this strategic bucket, given our robust deal pipeline for properties across the Greater Houston market.”

Pagewood has experienced tremendous growth in the past 12 months, growing to nine top-tier professionals managing 26 properties across the Houston market, totaling approximately $130 million in assets under management.