Argosy Real Estate Partners and Harbor Capital Acquire 137,050-SF Crane-Served Industrial Asset in Houston
Argosy Real Estate Partners has acquired 10303 Sheldon Road, a 137,050-square-foot crane-served, power-intensive industrial facility situated on a 9.7-acre site in Houston, Texas, the firm announced. Austin-based Harbor Capital served as operating partner on the transaction.
The property was fully leased to Champion Integrated Building Solutions, a Texas-based manufacturer serving energy infrastructure and data center clients, prior to the closing. The full-site lease provides immediate occupancy and positions the asset as a stabilized industrial property in a submarket characterized by demand for specialized manufacturing and heavy industrial space, according to the announcement.
Property Features and Infrastructure
The facility includes significant power infrastructure, multiple overhead cranes, approximately four acres of industrial outdoor storage, and direct access to transportation corridors serving the Houston Ship Channel and the broader Houston industrial market, according to the announcement.
Value-Add Business Plan
Argosy said its business plan for the property includes a targeted capital improvement program encompassing roof upgrades, crane repairs, HVAC improvements, overhead door repairs, and other enhancements designed to support the tenant's operations and maximize long-term asset value. The strategy reflects a value-add approach centered on property-level improvements rather than lease-up repositioning, given that committed occupancy was secured before the transaction closed.
About the Partners
Harbor Capital is an Austin-based industrial real estate investment firm focused on acquiring and repositioning niche industrial assets throughout Texas. The firm has completed more than $545 million of industrial transactions across approximately four million square feet, according to Argosy's announcement.
Argosy Real Estate Partners is a real estate investment firm that invests in niche industrial and other real estate assets. No additional financial details about Argosy's broader platform were included in the announcement.
No financial terms for the 10303 Sheldon Road acquisition were disclosed.