HOUSTON—As a fast-growing US logistics hub, Houston is a top target for Chicago-based Dayton Street Partners. So much in fact that DSP has entered the Houston market with the acquisition of 5800 Mesa Dr., a 500,000-square-foot logistics property featuring a 333-door truck terminal and a 33-bay maintenance facility on a 90-acre site. The seller was a private investor and the price was undisclosed.
"This was a great opportunity to capitalize on increasing demand in the market and is part of a larger corporate strategy to invest in well-located, logistics-related real estate assets in Texas and throughout the US," said Howard Wedren, DSP founder and managing principal.
DSP plans a multi-million-dollar renovation of the terminal and the development of 25 acres of fully improved, lighted and secured trailer parking. This type of property continues to be in high demand in the area and in other major US markets.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
