{"id":1004770593,"date":"2025-09-04T02:15:35","date_gmt":"2025-09-04T10:15:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004770593"},"modified":"2025-09-04T06:32:50","modified_gmt":"2025-09-04T14:32:50","slug":"blacktop-jv-acquires-houston-industrial-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blacktop-jv-acquires-houston-industrial-campus\/","title":{"rendered":"Blacktop JV Acquires Houston Industrial Campus"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a11e67e6790e&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"951\" height=\"713\" data-attachment-id=\"1004770594\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blacktop-jv-acquires-houston-industrial-campus\/rosslyn-business-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Rosslyn-Business-Park.jpg\" data-orig-size=\"951,713\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1756814677&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Rosslyn Business Park\" data-image-description=\"&lt;p&gt;https:\/\/www.businesswire.com\/news\/home\/20250903001443\/en\/Blacktop-Industrial-Trust-Acquires-Houston-Based-Rosslyn-Business-Park&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Completed in 1977, Rosslyn Business Park comprises 11 buildings. Image courtesy of Blacktop Industrial Trust.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Rosslyn-Business-Park.jpg?w=951\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Rosslyn-Business-Park.jpg\" alt=\"Exterior shot of Rosslyn Business Park, an industrial camps in Houston. \" class=\"wp-image-1004770594\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Rosslyn-Business-Park.jpg 951w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Rosslyn-Business-Park.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/Rosslyn-Business-Park.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 951px) 100vw, 951px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Completed in 1977, Rosslyn Business Park comprises 11 buildings. <em>Image courtesy of Blacktop Industrial Trust<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A joint venture between Blacktop Industrial Trust and an alternative investment firm has acquired Rosslyn Business Park, a 337,705-square-foot heavy industrial campus in Houston.<\/p>\n\n\n\n<p>Clay Development &amp; Construction sold the asset. The firm acquired it in January 2022 from General Electric using funds from an $18 million loan, according to Yardi Research Data.<\/p>\n\n\n\n<p>The property completed in 1977 consists of 11 buildings across 45 acres and features outdoor storage space. Facilities have clear heights ranging from 20 feet to 55 feet, heavy power, overhead cranes, reinforced concrete floors and sprinkler systems. They also have drive-through capability with oversized grade-level doors.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/manufacturing-demand-for-industrial-space-is-mushrooming\/\">Manufacturing Demand for Industrial Space Is Mushrooming<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at 12221 North Houston Rosslyn Road in the Northwest submarket, the campus is close to Highway 249 and about 16 miles from downtown Houston. George Bush Intercontinental Airport is 13 miles away.<\/p>\n\n\n\n<p>At the time of sale, seven tenants fully leased the space. These industrial manufacturing users\u2014including Baker Hughes, Konecranes and Amogy\u2014have decades-long operational histories in fabrication, engineering and energy sectors.<\/p>\n\n\n\n<p>This specific subtype of industrial asset continues to outperform other commercial real estate sectors, Blacktop CEO Ricardo Cardoso said in a prepared statement. Blacktop, formed in 2024, focuses on acquiring and managing heavy infrastructure industrial and shallow-bay multitenant industrial properties.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-houston-s-manufacturing-subsector-is-expanding\">Houston\u2019s manufacturing subsector is expanding<\/h2>\n\n\n\n<p>Houston has seen a 15.1 percent increase in its industrial job base since the beginning of this decade, according to an <a href=\"https:\/\/www.avisonyoung.us\/documents\/d\/houston\/2q-2025-houston-industrial-report-final\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Avison Young market report<\/a>. The expansion has been driven by growth in manufacturing, as well as wholesale trade and transportation. More recently, the expansion has stabilized, with a 1.4 percent year-over-year increase, which is close to a return to&nbsp;pre-pandemic averages.<\/p>\n\n\n\n<p>Roughly 99 million square feet of industrial space in metro Houston is devoted to manufacturing, the same source shows. Another 686,400 square feet are currently under development, as demand for the subtype continues to keep direct vacancies low\u20142.8 percent as of the second quarter of this year.<\/p>\n\n\n\n<p>Earlier this year, <a href=\"https:\/\/www.commercialsearch.com\/news\/foxconn-buys-1-msf-industrial-campus-for-142m\/\">Foxconn paid $142 million<\/a> for a four-building, 1 million-square-foot industrial campus within the same submarket. The firm plans to build an AI server manufacturing facility at the industrial park.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The business park includes 11 buildings.<\/p>\n","protected":false},"author":1023,"featured_media":1004770594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21748,21783,21742,51973],"tags":[37292,33649],"class_list":["post-1004770593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-industrial","category-investment","category-latest","category-southwest","tag-clay-development-construction","tag-general-electric"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blacktop JV Acquires Houston Industrial Campus - 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