STAG Expands in Houston With 462 KSF Facility

September 29, 2025

The Class A building is part of a recently completed logistics campus.

Exterior shot of the first facility within PortNorth 59, a two-building industrial campus in Houston — The facility is at 7491 Rankin Road and features 231 vehicle parking spots and 101 trailer parking spots. *Image courtesy of JLL*

STAG Industrial has purchased a 462,250-square-foot logistics facility within PortNorth 59, a two-building campus in Humble, Texas, in the East Houston submarket. JLL Capital Markets represented the seller, Phelan Bennett Development.

The Class A industrial property is PortNorth 59’s second building, at 7491 Rankin Road. Completed during last year’s fourth quarter, it sits on a 22-acre lot, close to Interstate 69. George Bush International Airport is nearby, while downtown Houston is 17 miles away.

It includes 36-foot clear heights, four drive-in doors, 84 dock doors, 17,984 square feet of office space, 231 vehicle parking spots and 101 trailer parking spots. The building was developed as part of PortNorth 59, a 588,640-square-foot development on a 35-acre lot.

Both facilities achieved full occupancy by securing two tenants within five months from completion. Marsden Services is occupying the facility at 7491 Rankin Road, according to Yardi Research Data. PortNorth 59’s first facility includes 126,480 square feet and is at 7473 Rankin Road.

STAG Industrial’s industrial footprint in Houston consists of 13 properties totaling 2.3 million square feet. Most of these assets are Class A, ranging from 68,300 square feet to 289,200 square feet. The company purchased the facilities between 2013 and 2019, Yardi Research Data shows.

Senior Managing Director Trent Agnew, Managing Director Charles Strauss, Director Lance Young and Analysts Brooke Petzold and Dawson Hastings with JLL Capital Markets represented the seller.

Houston attracting industrial investors

Houston metro’s industrial sales volume hit nearly $1.1 billion as of July, according to a recent Yardi Matrix industrial report. Houston properties changed hands at an affordable price of $95 per square foot, making it one of the most affordable markets in the country. Among the top 25 U.S. markets, the metro placed sixth, with Dallas-Fort Worth leading the nation in sales, having a $2.3 billion deals volume.

A number of significant deals closed in the metro recently. One of them is Clay Development & Construction’s sale of Rosslyn Business Park, a 337,705-square-foot heavy industrial asset. A joint venture between Blacktop Industrial Trust and an alternative investment firm picked up the 11-building property this month.

In June, Foxconn Corp. paid $142 million for Fairbanks Logistics Park, a 1 million-square-foot industrial park. The Taiwan-based electronics manufacturer plans to invest $450 million into building an AI server manufacturing plant.