Colliers International notes NorthPoint Development has acquired 190.58 acres at Highway 90 Road in Houston, Texas. The seller, Sowell Equities-Forestwood, LP, was represented by Michael Keegan, SIOR of NAI Partners. Blake Gibson and Ryan Byrd of Colliers International represented the buyer in the transaction.
The industrial park, NorthPoint 90 Logistics Center, is under construction and Building 1 and 2 will deliver second quarter 2020 on a speculative basis. NorthPoint also has the ability to build over 2.5 million SF total, including 1.5 million under one roof.
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