HOUSTON (PRWEB) January 16, 2023
Triten Real Estate Partners, a Houston-based commercial developer and management firm with a focus on Industrial Service Facilities (ISF) and Industrial Outdoor Storage (IOS), continues steady portfolio growth by acquiring three, off-market Industrial Service Facilities located in Houston. Each site was privately owned and presented to Triten through trusted long-term industry relationships.
Two of the three assets are in the North Houston submarket, located at 3004 Aldine Bender Road and 3434 Greens Road. Houston's North Submarket is driven by robust passenger and cargo traffic coming out of George Bush International Airport along with direct access to Dallas by way of Interstate 45. This area is in high demand particularly for companies looking for good access to Beltway 8, Interstate 45, Highway 59, and the Hardy Toll Road.
The third asset is in the Northeast Houston submarket, located at 15005 Crosby Freeway. The Northeast submarket is the epicenter of Houston's strongest market drivers: multiple rail intermodals, container ports, manufacturing, and an immediate proximity to population density. This submarket continues to hold a deep user base made of primarily heavy equipment storage users and distribution with an intense need for easy ingress and egress by way of Beltway 8, Highway 90, and Interstate 10.
“The demand for supply chain real estate has increased rapidly in the post-covid environment,” says Will Hedges, partner at Triten Real Estate Partners. “Having deep rooted experience in sourcing and developing traditional industrial product has certainly weighted in our favor. A lot of the opportunities we are currently evaluating are being sourced through long-held industry relationships and through having a strong reputation and brand in the industry.”
With over 33 million square feet of industrial warehouse space currently under construction and the exponential growth and demand of trucking, logistics and intermodal users, Houston continues to be one of the fastest-growing industrial markets in the U.S. and Triten continues to work diligently on growing their portfolio as this demand increases. Triten currently owns over 20 ISF sites in Houston alone, and has been actively seeking and acquiring new opportunities in growing markets nationally. Triten's total portfolio stretches across 11 tier one markets in the U.S. with over 50 sites in the portfolio.
Portfolio growth has been so exponential within the last year that Triten now holds multiple satellite offices throughout the nation to better position themselves in these top tier markets. Along with Triten’s offices in Houston and Dallas, Triten has positioned themselves on both the Pacific and Atlantic coasts with Principal Trevor Hanson managing the office in Irvine, California while Principal Danny Coffman is managing the Triten office in Baltimore, Maryland.