Quannah Partners Sells Spec Industrial Project in Houston

Glendale, Colo.-based private equity firm Quannah Partners recently announced the sale of its northwest Houston industrial corridor property.

Located at the intersection of U.S. Route 290 and Fairbanks North Houston Road, 290 Crossroads Commerce Center is a recently completed facility that incorporates more than 183,000 square feet of class A Houston industrial space.

Development partner LaSalle Investment Management (LaSalle) invested in the project based on strong fundamentals in Houston’s northwest industrial corridor and continued demand for modern logistics facilities.

“This transaction reflects our continued conviction in well-located industrial assets in high-growth logistics corridors,” said Jeff Shuster, president of LaSalle Value Partners. “It was a great collaboration with Quannah, and that dynamic helped the team secure a user early in the development process, underscoring the depth of demand for modern, flexible industrial product and the strength of the underlying market.”

Having broken ground as a speculative project, the property was placed under contract early in the construction process. With an early contract in place, the building design and construction were managed alongside the buyer’s operational requirements, underscoring continued demand for efficient, highly functional industrial facilities in the premier distribution corridors in and around Houston.

The property achieved substantial completion in June 2026. It features modern industrial specifications, as well as strategic access to Houston’s major transportation infrastructure and logistics networks.

“290 Crossroads is representative of the type of development opportunities we continue to pursue across our platform,” said Doug Wiley, chief executive officer of Quannah Partners. “This project demonstrates our ability to source attractive industrial investments, execute efficiently and remain flexible throughout the development process to meet evolving user demand. LaSalle was a great partner that shared our conviction for this opportunity, and their collaboration throughout helped drive a successful outcome.”

The successful development and sale of the property further expands Quannah Partners’ industrial track record across Texas and Colorado, as well as reflecting LaSalle’s continued focus on industrial opportunities across key U.S. markets.

According to data analyzed for our latest monthly national industrial report, the Houston industrial market had the Southern U.S. region’s second-highest year-over-year increase in year-to-date sales — up 160% in June. Industrial property sales closed here during the first six months of the year approached $1.9 billion, which was the second-highest total in the region after Dallas.

With 20 million square feet in the pipeline last month, Houston also came in second in the region for new industrial space construction (behind Dallas’ 31 million square feet). Meanwhile, the market was one of few in the region to see vacancy hold steady below the national average, which was at 9.1% in June.