Updated Jul 29, 2026
Quannah Partners And LaSalle Investment Management Sell 290 Crossroads Commerce Center In Houston For Undisclosed Amount
Us 290 & Fairbanks North Houston Road
Building Size
183,301 SF
Asset Type
Industrial
Closing
Jul 28, 2026
About this deal
AI
The transaction involved the sale of a newly developed 183,301-square-foot Class A industrial facility located at US 290 & Fairbanks North Houston Road in Houston, TX. This property is part of a premier industrial corridor in the area, demonstrating the ongoing demand for modern logistics facilities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Square Footage: 183,301
- Address: US 290 & Fairbanks North Houston Road
- Market: Houston, TX
- Seller: Doug Wiley - Quannah Partners
- Seller: Jeffrey Shuster - LaSalle Investment Management
Quannah Partners successfully sold the 290 Crossroads Commerce Center to an undisclosed user/operator after identifying the buyer early in the development process. LaSalle Investment Management collaborated with Quannah Partners on the development of the project.
On the Map
Industrial
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Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93