BISWIRE/Oct. 14, 2026 — Griffin Partners today announced it has closed on a land site in southwest Houston for a planned three-building, 872,125 SF industrial development. The site is located approximately 0.25 miles south of the intersection of Chimney Rock Road and McHard Road. Griffin Partners will lead development of the project, and construction is expected to begin in February 2027.

The site sits in Houston's Southwest submarket, which ended Q3 2026 at 3.3% vacancy according to JLL, tied for the lowest in the city and well below the metro-wide 6.6%, while commanding the highest average asking rent of any Houston submarket. That tightness reflects broader momentum across the market. Houston industrial recorded 17.9 million SF of leasing in Q3, its strongest quarter on record and 4.2 million SF above the previous high set in Q2 2022. Net absorption reached 7.3 million SF for the quarter, lifting the year-to-date total to 19.6 million SF, already ahead of all of 2025 (14.7 million SF) and approaching 2024's 22.0 million SF.

"This investment reflects our conviction in Houston's industrial fundamentals and our disciplined approach to identifying and executing development opportunities in high-demand, supply-constrained markets. Our team's local market knowledge, relationships, and development expertise position us to deliver a project that meets the evolving needs of industrial users," said Travis Covington, President of Griffin Partners Development.

About Griffin Partners: Headquartered in Houston, Griffin Partners is a vertically integrated real estate investment firm specializing in industrial, mixed-use, and office assets across the Sunbelt and Mountain West markets. For more information, visit www.griffinpartners.com.