Adkisson, PCCP Buy Houston Industrial Campus
A joint venture acquired Northwoods Industrial Park, a 2.7 million square foot property the buyers describe as Houston's largest-ever industrial campus sale.
Updated on Nov. 4, 2026 in Commercial
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The joint venture of Adkisson Group and PCCP bought the 230-acre Northwoods Industrial Park, a 64-building complex of 2.7 million square feet near U.S. Highway 290 and Beltway 8 in Northwest Houston. The property is 98% occupied by local, national and international credit tenants.
Why it matters
The transaction marks a large industrial portfolio changing hands in a high-occupancy market, with the complex fully leased to credit tenants. The deal was worked on for nearly two years before closing.
The 230-acre complex includes buildings 31 to 41 feet tall with crane hooks ranging from 21 to 29 feet. The property was first assembled when Texas Development Co. acquired parcels at 11919 FM 529 in 1995.
The players
Adkisson Group
A real estate firm that formed a joint venture with PCCP to acquire the Northwoods Industrial Park.
PCCP
A real estate investment firm that partnered with Adkisson Group in acquiring the industrial campus.
Stream Realty Partners
A commercial real estate brokerage that represented the seller in the transaction.
The details
Texas Development Co., founded by Jim Petersen in the 1970s, developed the park into its current form after acquiring its first parcels in 1995. Jon Farris of Stream Realty Partners represented the seller, while Travis Land of Partners Real Estate represented the buyer, and Farris will lead leasing for the property.
Timeline
1995: Texas Development Co. acquires the first parcels at 11919 FM 529.
Nearly two years before closing: Negotiations on the transaction begin.
Earlier in 2026: Travis Land, who represented the buyer, dies of cancer.
Market Landscape
The sale is described as the largest industrial campus transaction in Houston's history, setting a new benchmark for single-campus industrial deals in the metro. It also reflects continued investor appetite for large, fully leased industrial assets near the Beltway 8 corridor.
For businesses leasing industrial space in Northwest Houston, the transaction signals that the complex's 98% occupancy and credit-tenant base will continue under new ownership. Tenants and nearby employers may see changes in property management and leasing as the new owners take over operations.
The takeaway
Large, fully leased industrial campuses are changing hands in Houston, and the Northwoods sale shows how long-term local developers and institutional partners are consolidating assets in the Northwest corridor.
Further reading
Explore more Commercial real estate coverage for context on Houston's industrial market.
Source note: This article includes information reported by Bisnow.
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