Northwoods Industrial Park Sells in Houston Record Deal

The 2.7 million square foot campus in Northwest Houston is 98% leased, so nearby commercial activity may stay steady.

Updated on Nov. 4, 2026 in Commercial

Wide view of a row of pale concrete warehouse buildings with dark loading doors on flat ground under a hazy Houston sky. — The joint venture of Adkisson Group and PCCP acquired Northwoods Industrial Park, a 2.7 million square foot campus in Northwest Houston, in what is described as the city's largest industrial campus sale. AI Illustration. Upload story photo >

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The joint venture of Adkisson Group and PCCP has acquired Northwoods Industrial Park, a 2.7 million square foot, 64-building industrial property on 230 acres in Northwest Houston. The sale is described as the largest industrial campus sale in Houston's history.

Why it matters

For Houston households, a sale of this size signals continued investor confidence in the city's industrial corridor near U.S. Highway 290 and Beltway 8, and it can influence nearby commercial land values and the local job base tied to warehousing and distribution. Because the property is 98% leased to local, national and international credit tenants, the transaction points to stable occupancy in a segment that often shapes neighborhood traffic and employment patterns.

The 2.7 million square foot campus of 64 buildings on 230 acres is 98% occupied by credit tenants. Buildings range from 31 to 41 feet tall, with crane hook heights between 21 and 29 feet.

The players

Adkisson Group

A real estate investment firm that, through a joint venture with PCCP, acquired the Northwoods Industrial Park campus.

PCCP

An investment firm that joined Adkisson Group in a joint venture to purchase the 2.7 million square foot Houston industrial campus.

Texas Development Co.

A developer founded by Jim Petersen in the 1970s that built out Northwoods Industrial Park after acquiring parcels in 1995.

Stream Realty Partners

A commercial real estate brokerage that represented the seller in the Northwoods Industrial Park sale, with Jon Farris leading the representation.

The details

The buyers formed a joint venture of Adkisson Group and PCCP to acquire the property. Texas Development Co., founded by Jim Petersen in the 1970s, began acquiring the first parcels at 11919 FM 529 in 1995 and developed the site into its current form. Stream Realty Partners' Jon Farris represented the seller, while Partners Real Estate's Travis Land represented the buyer. The transaction was negotiated over nearly two years before closing.

1995: Texas Development Co. acquired the first parcels at 11919 FM 529.
Earlier in 2026: Travis Land died of cancer.
Nearly two years before closing: Transaction negotiations began.
November 4, 2026: Article published reporting the sale.

The Home Front

The sale places Northwoods Industrial Park at the top of Houston's industrial campus transactions and reflects the city's continued investment in large warehouse and distribution space. The deal follows a pattern of long-term ownership by developers who build and lease industrial parcels over decades.

If you rent or own near the U.S. Highway 290 and Beltway 8 corridor, watch for leasing activity that Jon Farris will lead at the property. Homeowners and renters in Northwest Houston may want to track how new industrial activity affects local commute patterns and nearby commercial rents.

The takeaway

Large industrial campuses like Northwoods can influence local jobs, traffic, and commercial rents, so it is worth noticing when major sales happen near where you live. Keep an eye on leasing announcements from Stream Realty Partners to see how the property's 98% occupancy holds over time.