Industrial real estate in Texas has recorded a sizable portfolio transaction spanning Dallas-Fort Worth and Houston. Sterling Investors acquired eight warehouses totaling roughly 2.4 million square feet from Cabot Properties, while public records show a $179 million acquisition loan from Equitable Financial Life Insurance Co. The transaction offers a closer look at warehouse demand across two major Texas logistics markets.
Key Takeaways
- Sterling Investors acquired roughly 2.4 million square feet of industrial property from Cabot Properties across Dallas-Fort Worth and Houston.
- The portfolio consists of eight warehouses, with more than 83% of the total square footage located in the Dallas-Fort Worth Metroplex.
- Public records show Equitable Financial Life Insurance Co. provided a $179 million acquisition loan. The sale price has not been publicly disclosed.
- Dallas-Fort Worth recorded 9.9 million square feet of net industrial absorption in the second quarter of 2026.
- Houston recorded about 7 million square feet of second-quarter net absorption, bringing first-half absorption to approximately 11 million square feet.
The Texas industrial real estate transaction brings together warehouses of different sizes, ages and loading configurations rather than transferring a single industrial campus.
Cabot Properties sold the collection with capital-markets teams from CBRE, Cushman & Wakefield and Eastdil Secured involved in representing the seller, according to Commercial Property Executive. The transaction places most of the acquired space in Dallas-Fort Worth while adding three newer Houston warehouses to the portfolio.
The transaction also arrives as industrial occupancy indicators improved in both metropolitan areas during the second quarter of 2026. That market backdrop gives the portfolio sale additional context beyond its 2.4 million-square-foot headline figure.
Eight Warehouses Span Dallas-Fort Worth and Houston
Dallas-Fort Worth accounts for more than 83% of the portfolio’s square footage, according to Yardi Matrix data cited in reporting on the transaction. The Metroplex portion includes several large distribution facilities positioned across Hutchins, Northlake, Euless and Arlington.
Core5 Logistics Center at Wintergreen is the largest individual property in the portfolio. Located at 1200 W. Wintergreen Road in Hutchins, the warehouse totals 754,822 square feet and was completed in 2018.
Northlake Business Center adds another 540,000 square feet at 13401 Ashmore Lane in Northlake. The facility was completed in 2004. International Logistics Center Building D in Euless contributes 425,000 square feet, while Bardin Crossing @ I-20 in Arlington consists of two facilities totaling 244,662 square feet.
Together, the Dallas-Fort Worth assets include both cross-dock and rear-load warehouses. Reported specifications include clear heights ranging from 30 to 36 feet and truck courts from 130 to 200 feet. Those building characteristics are commonly associated with facilities designed to handle distribution and logistics operations.
The portfolio’s geographic spread also reflects the continuing importance of warehouse location decisions as occupiers evaluate transportation access, loading capacity, storage requirements and proximity to customers. Major distribution hubs remain closely tied to highway networks and population centers that support the movement of goods.
Industrial Real Estate Demand Strengthens in Dallas-Fort Worth
The portfolio changed hands after Dallas-Fort Worth reported a stronger second quarter for industrial occupancy.
CBRE recorded 9.9 million square feet of net absorption during the second quarter of 2026. That represented an increase of 58.9% from the previous quarter and 61.6% from the same period a year earlier. Vacancy declined to 8.3%, down 20 basis points from the first quarter and 60 basis points from the second quarter of 2025.
Availability also eased to 9.9%. At the same time, the development pipeline remained substantial, with 24 million square feet under construction across 86 projects.
Developers completed 6.8 million square feet across 28 Dallas-Fort Worth properties during the second quarter. The combination of new supply and higher absorption provides relevant context for the sale of existing warehouses across several Metroplex submarkets.
National industrial conditions also shifted during the quarter. CBRE reported 85.1 million square feet of U.S. net absorption, compared with 47.9 million square feet of completed space. It was the first quarter since the second quarter of 2022 in which demand, measured through net absorption, exceeded completions.
U.S. industrial vacancy declined to 6.5%, while leasing activity reached 268.7 million square feet during the second quarter. First-half leasing totaled 547.9 million square feet. Dallas-Fort Worth, Houston and Phoenix ranked as the largest markets for net absorption during the first half of 2026, according to CBRE.
Those figures place the Texas industrial real estate portfolio transaction within a period when large logistics markets were absorbing additional warehouse space even as new construction moderated nationally.
Houston Adds Newer Assets and Strong Absorption
Houston represents a smaller portion of the transaction by square footage, but its three properties are newer than the Dallas-Fort Worth collection.
The largest Houston property is Axis Northwest Distribution Center, a 201,240-square-foot warehouse at 10640 Windfern Road completed in 2023. Langfield Distribution Center adds 134,800 square feet at 6415 Langfield Road and was completed in 2021. Building 1 at Interwood Business Park totals 60,000 square feet and was completed in 2020.
The Houston buildings have an average completion year of 2022, compared with 2015 for the Dallas-Fort Worth properties. The facilities include front-load and rear-load configurations, clear heights ranging from 32 to 36 feet and truck courts between 130 and 315 feet.
Their addition comes as Houston industrial development continues across suburban corridors. Public construction filings elsewhere in the region have documented additional warehouse projects, including planned facilities near the Grand Parkway northwest of Houston.
CBRE reported approximately 7 million square feet of Houston industrial net absorption in the second quarter of 2026. That lowered vacancy to 6.7% and brought first-half absorption to about 11 million square feet.
The Northwest submarket alone recorded 2.3 million square feet of net occupancy during the quarter. Houston also posted 5.8 million square feet of deliveries, while another 17.7 million square feet remained in the development pipeline.
Leasing activity reached about 9 million square feet during the second quarter and approximately 17 million square feet for the first half of 2026. Six Houston submarkets each recorded more than 1 million square feet of leasing activity during the period.
For the 2.4 million-square-foot portfolio, the combination of large Dallas-Fort Worth distribution properties and newer Houston facilities creates exposure to two Texas markets that ranked among the country’s strongest for industrial net absorption during the first half of 2026. The publicly available transaction details establish its scale, property mix and financing structure, while the sale price remains undisclosed.
Frequently Asked Questions
What Was Included in the Texas Industrial Real Estate Deal?
The industrial real estate transaction includes eight warehouses totaling roughly 2.4 million square feet across Dallas-Fort Worth and Houston. More than 83% of the portfolio’s square footage is located in the Dallas-Fort Worth Metroplex.
Who Bought the 2.4 Million-Square-Foot Portfolio?
Sterling Investors acquired the warehouse portfolio from Cabot Properties. Commercial Property Executive reported that CBRE, Cushman & Wakefield and Eastdil Secured represented Cabot Properties in connection with the sale.
How Much Was the Texas Warehouse Portfolio Sold For?
The sale price has not been publicly disclosed. Public records cited in reporting on the transaction show that Equitable Financial Life Insurance Co. issued a $179 million acquisition loan.
How Is the Portfolio Divided Between Dallas and Houston?
More than 83% of the total square footage is in Dallas-Fort Worth. The Houston portion consists of Axis Northwest Distribution Center, Langfield Distribution Center and Building 1 at Interwood Business Park.
How Were the Texas Industrial Markets Performing in 2026?
Dallas-Fort Worth recorded 9.9 million square feet of net absorption in the second quarter, while Houston recorded approximately 7 million square feet. Both markets were among the leading U.S. industrial markets for first-half net absorption, according to CBRE.
