HOUSTON—Industrial leasing demand continues apace in northwest Houston, with private equity firm Cabot Properties announcing this week that it has acquired 13 acres in the region for a speculative industrial development.

Cabot has tapped Stream Realty partners to provide leasing and management services for the project, which will be known as Axis Northwest Distribution Center. Preliminary plans for the project include a 201,240-square foot front-load distribution building to be constructed on the site located at the southeast corner of Fallbook Drive and Windfern Road, just inside the Sam Houston Parkway.

The Northwestern Houston industrial submarket accounts for over 100 million square feet of institutional product and is the largest industrial submarket in Houston, according to Stream Realty Partners. Cabot intends for Axis to respond to strong leasing demand in the area for infill class AA buildings.