Stream Sells 1M SF Industrial Portfolio At Empire West
NorthPoint Development bought three buildings totaling over 1M SF within the Empire West industrial campus from Stream Realty Partners.
Stream Realty Partners developed Empire West Business Park between 2021 and 2025. The campus at 100 Empire Blvd. in Brookshire has 10 buildings totaling nearly 4M SF, all fully leased to tenants including Tesla, H-E-B and Ferguson Enterprises.
Kansas City, Missouri-based NorthPoint Development bought the 163K SF Building 1, the 751K SF Building 3 and the 125K SF Building 8, as well as 17 acres of outdoor storage, according to a press release from Stream.
“What began as raw land in 2019 is now a fully leased, institutional-grade industrial campus totaling nearly four million square feet and attracting world-class users,” Mustafa Ali, portfolio manager at Stream, said in the release.
Empire West was Stream’s biggest project yet when it completed the 2.3M SF Phase 2 in the summer of 2022. Stream previously highlighted Empire West's 5K SF of frontage along Interstate 10 and Highway 90.
The portfolio was listed by Stream’s Capital Markets team, led by Seth Koschak and Matteson Hamilton, in coordination with Eastdil Secured and in partnership with Stream’s Investment Management team, including Ali, Adam Jackson and Justin Robinson.
“The level of investor engagement around Empire West speaks to the quality of the asset and the strength of West Houston’s industrial market,” Hamilton said in the release. “From best-in-class design to a roster of nationally recognized tenants, this portfolio embodies what institutional investors are seeking in today’s environment: scale, stability, and opportunity for long-term value creation.”
