PCCP and Adkisson Group have acquired Northwoods Industrial Park in northwest Houston, completing the largest known industrial campus sale in Greater Houston by square footage and acreage. The property spans approximately 230 acres, contains 64 buildings totaling 2.7 million square feet and was 98% occupied at the time of the transaction.
Key Takeaways
- PCCP and Adkisson Group acquired Northwoods Industrial Park from The Texas Development Company
- The property contains 2.7 million square feet across 64 buildings and approximately 230 acres
- The transaction represents Greater Houston’s largest known industrial campus sale by square footage and acreage
- Northwoods Industrial Park was approximately 98% occupied at the time of the sale
- The property offers rail service, bridge cranes and access to major Houston highways
- Houston recorded 11.1 million square feet of industrial investment sales during the third quarter of 2026
PCCP and Adkisson Group Complete Northwoods Industrial Park Acquisition
PCCP and Adkisson Group acquired Northwoods Industrial Park from The Texas Development Company in a transaction announced on November 3, 2026. The acquisition transferred ownership of a 64-building industrial campus at 11919 FM 529 in northwest Houston.
Stream Realty Partners facilitated the sale, with Vice Chairman Jon Farris representing the seller. The late Travis Land of Partners Real Estate represented the buyers and contributed to negotiations during the nearly two-year transaction process.
The acquisition involves a single industrial campus rather than a collection of properties in separate locations. A comparable Texas industrial portfolio acquisition in August 2026 involved Sterling Investors purchasing eight warehouses totaling approximately 2.4 million square feet across Houston and Dallas-Fort Worth.
Northwoods differs in its concentration of industrial space within one established property. The complex includes facilities designed for manufacturing, fabrication, distribution and other industrial operations.
According to Stream Realty Partners, the campus was approximately 98% occupied by a mix of local, national and international tenants when the transaction closed. That occupancy rate provides the buyers with an existing leasing base across the property.
Houston Industrial Property Sale Sets a Market Record
The Northwoods acquisition represents the largest known industrial campus sale in Greater Houston based on total building square footage and acreage, according to Stream Realty Partners.
The property’s 2.7 million square feet of industrial space and approximately 230-acre footprint distinguish it from transactions involving individual warehouses or smaller industrial parks.
The record classification is based on physical size rather than transaction value. The sale price was not publicly disclosed.
The acquisition also reflects investment activity involving established industrial properties with specialized infrastructure. Northwoods was already operating as a multi-building industrial campus, with tenants occupying nearly all its available space.
For commercial real estate investors, the transaction provides a reference point for evaluating industrial campus sales in Houston. Its building count, acreage, occupancy and infrastructure offer measurable characteristics for comparison with other large properties.
Northwoods Industrial Park Includes 64 Buildings and Rail Access
Northwoods Industrial Park is located at 11919 FM 529 near U.S. Highway 290 and the Sam Houston Tollway. The approximately 230-acre campus contains industrial buildings with infrastructure suited to manufacturing, fabrication and distribution operations.
Each of the 64 buildings includes at least one bridge crane, with lifting capacities ranging from five to 75 tons. Crane hook heights range from 21 to 29 feet, while building eave heights range from 31 to 41 feet.
These specifications are relevant to industrial operators handling heavy equipment, machinery and large materials. Bridge cranes support the movement of heavy loads within facilities, while building height influences equipment clearance and storage configurations.
The property also includes three-phase electrical power, natural gas connections and fenced outdoor storage yards at each facility. These features accommodate industrial uses requiring utility capacity and exterior storage space.
An active Union Pacific rail spur serves the campus, providing an alternative to truck transportation for applicable freight operations. The property also has three access points along FM 529 and is located near major highway corridors serving northwest Houston.
The combination of rail service, road access and industrial equipment distinguishes Northwoods from warehouse properties designed primarily for conventional storage and distribution.
Occupancy and Transportation Connections Support Industrial Operations
Northwoods Industrial Park was 98% occupied when PCCP and Adkisson Group completed the acquisition. Its tenants include local, national and international businesses operating across the industrial complex.
The occupancy rate indicates that most of the property’s available space was leased at the time of the sale. However, it does not establish future rental growth, tenant retention or investment returns.
Transportation access is another relevant feature of the campus. Its proximity to U.S. Highway 290 and the Sam Houston Tollway connects the property with road networks serving the broader Houston metropolitan area.
Rail access offers an additional freight transportation option, particularly for industrial operations involving substantial volumes of materials or manufactured goods.
The campus also provides specialized equipment and outdoor storage areas that may be important to tenants with manufacturing and fabrication requirements.
These characteristics help define the property’s existing industrial functions and distinguish it from speculative warehouse developments without established tenants.
Houston Industrial Market Records 11.1 Million Square Feet in Sales
Houston’s industrial investment market recorded approximately 11.1 million square feet of property sales during the third quarter of 2026, according to Partners Real Estate.
The activity involved 148 buildings across 100 closed transactions. Total square footage traded declined 14.6% from the previous quarter and was 1.4% below the trailing four-quarter average.
The northwest submarket accounted for 39% of industrial investment sales activity, followed by the northern submarket at 29%. Together, the two areas represented more than two-thirds of the market’s reported transaction volume.
Alongside investment sales, the region continues to add warehouse capacity. Portman’s Houston industrial development project at Gateway 1960 is planned to include three facilities totaling 714,233 square feet, with completion targeted for the third quarter of 2027.
The distinction between investment sales and new construction is important when evaluating market activity. Property acquisitions transfer existing assets between owners, while development projects introduce additional industrial space.
Partners Real Estate also reported approximately 25 million square feet of industrial space under construction in Houston during the third quarter. The northwest and northern submarkets accounted for substantial portions of that pipeline.
Northwoods’ acquisition adds a large occupied campus to the region’s recent investment transactions. Its location in northwest Houston also places it within the submarket that recorded the highest share of third-quarter industrial sales activity.
New Ownership Takes Over an Established Industrial Campus
With the acquisition completed, PCCP and Adkisson Group have taken ownership of a property with an existing tenant base and specialized industrial infrastructure.
Stream Realty Partners’ Jon Farris has also been selected to lead leasing for Northwoods Industrial Park following the transaction.
The property’s reported 98% occupancy, industrial equipment and transportation connections establish its current operating profile. Future leasing activity will determine how available space is marketed and occupied under the new ownership group.
The transaction provides a measurable addition to Houston’s 2026 industrial investment market, with its record designation based on the campus’s approximately 2.7 million square feet of buildings and 230-acre footprint.
Frequently Asked Questions
Who acquired Northwoods Industrial Park in Houston?
PCCP and Adkisson Group acquired Northwoods Industrial Park from The Texas Development Company. Stream Realty Partners represented the seller, while the late Travis Land of Partners Real Estate represented the buyers.
How large is Northwoods Industrial Park?
The property covers approximately 230 acres and includes 64 buildings totaling about 2.7 million square feet of industrial space.
Where is Northwoods Industrial Park located?
Northwoods Industrial Park is located at 11919 FM 529 in northwest Houston, Texas, near U.S. Highway 290 and the Sam Houston Tollway.
Why is the Northwoods Industrial Park sale significant?
According to Stream Realty Partners, the transaction represents the largest known industrial campus sale in Greater Houston by square footage and acreage. The property was also approximately 98% occupied at the time of the acquisition.
What industrial infrastructure does Northwoods Industrial Park offer?
The property includes bridge cranes, three-phase electrical power, natural gas connections, fenced outdoor storage areas and an active Union Pacific rail spur.
How much industrial property was sold in Houston during Q3 2026?
Partners Real Estate reported approximately 11.1 million square feet of industrial investment sales across 100 transactions during the third quarter of 2026.
