JLL closes sale of 462K SF logistics building in Houston's Northeast submarket
United States, Sept. 25 -- JLL?Capital Markets announced the sale of PortNorth 59, a 462,250-square-foot Class A logistics building located at 7491 Rankin Rd. in Humble, Texas.JLL represented the seller, Phelan Bennett Development, in the transaction. STAG Industrial Inc. acquired the asset.The cross-dock distribution facility, which was delivered in the fourth quarter of 2024, sits on 22.2 acres and features 36-foot clear heights, 84 dock doors with 40,000-pound pit-levelers and four drive-in doors measuring 12 feet by 14 feet. The building includes 17,984 square feet of office space, representing 3.9 percent office finish, 231 car parking spaces and 101 trailer parking spaces within a fenced truck court spanning 180 feet. PortNorth 59 ach...
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