STAG Industrial has picked up one of the two buildings at PortNorth 59, a 462,250-square-foot Class A logistics building located at 7491 Rankin Rd. in Humble, Texas.PortNorth 59. Phelan Bennett Development was the seller.
The cross-dock distribution facility, which was delivered in the fourth quarter of 2024, sits on 22.2 acres and includes 17,984 square feet of office space, representing 3.9 percent office finish, 231 car parking spaces and 101 trailer parking spaces within a fenced truck court spanning 180 feet. PortNorth 59 achieved full occupancy within five months of delivery, securing two tenants.
The property benefits from its proximity to George Bush Intercontinental Airport, located just 3.7 miles from the terminals. This positioning capitalizes on the airport’s cargo operations and serves tenants requiring intermodal transport logistics connectivity.
The JLL Capital Markets team was led by Industrial Group Leader Trent Agnew, Charles Strauss, Lance Young, Brooke Petzold and Dawson Hastings.
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