Los Angeles-based industrial property owner Industrial Realty Group, LLC (IRG) recently announced the acquisition of a sizeable manufacturing facility situated along the Houston Ship Channel.
Located at 16730 Jacintoport Blvd., the property sits on a site spanning nearly 22 acres and incorporates more than 200,000 square feet of Houston industrial space across two buildings.
Strategically located to reduce waterway transit times, IRG’s newest portfolio addition features multiple structures with a barge dock, nine cranes, 30-foot clearance, heavy power, and potential rail connection. Notable advantages also include 800 feet of frontage on the channel and the ability to add a deepwater dock for bulk vessels.
On-site, grade-level parking includes 20 spaces, while the buildings themselves feature interior cranes, skylights, and exhaust fans. At the time of the announcement, 16730 Jacintoport Blvd. had more than 91,000 square feet of industrial space available for lease and roughly 10 acres available for outdoor storage or expansion.
“The project’s positioning at the mouth of the Houston Ship Channel and its ability to serve as a point of entry through Houston make it unique in the market,” said Justin Lichter, chief investment officer of Industrial Realty Group. “IRG is engaging companies that are eager to join the business-friendly market in Texas and explore both domestic and international import/export opportunities.”
Originally completed in the early 1980s, the property represents Industrial Realty Group’s second acquisition in Houston and brings the company’s total holdings in Texas to roughly 1.2 million square feet.
Nationally, IRG operates a portfolio of more than 100 million square feet of rentable spaces across more than 150 properties in 31 states.
Houston Industrial Market Stats
At the close of October, the Houston industrial real estate market had the fourth-highest year-to-date sales in the sector with nearly $2.6 billion, behind Chicago, the Bay Area, and Dallas, according to a report recently published by CommercialEdge. Data also showed that, with nearly 12 million square feet of industrial space under construction, the south Texas market had the fifth-largest pipeline at the end of October this year.
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