January 8, 2021

Chicago-based Dayton Street Partners (DSP) has entered the Houston market with the acquisition of 5800 Mesa Dr., a 500,000-square-foot logistics property featuring a 333-door truck terminal and a 33-bay maintenance facility on a 90-acre site in Houston. The seller was a private investor. 
 
“As a fast-growing U.S. logistics hub, Houston is a top target for us,” said DSP managing principal Howard Wedren. “This was a great opportunity to capitalize on increasing demand in the market and is part of a larger corporate strategy to invest in well-located, logistics-related real estate assets in Texas and throughout the U.S.” 
 
DSP plans a multimillion-dollar renovation of the terminal and the development of 25 acres of fully improved, lit and secured trailer parking. 5800 Mesa Dr. is situated in the heart of Houston’s transportation and logistics corridor which is home to several LTL carriers, trucking companies, distributors and manufacturers.

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Tags: Acquisition, Industrial