In 2018, Hines acquired 107 acres at the southeast corner of the Sam Houston Tollway (Beltway 8) and Gessner Road in the heart of the northwest submarket of Houston. Hines developed over 1.2 million square feet of industrial/logistics space and included an amenity retail center on the Beltway 8 frontage along with a business-class hotel.
Branded as Grand National Business Park, phases one, two and three consist of more than 1.2 million square feet of logistics space. The project is the newest large, modern format distribution park in the northwest submarket of Houston and is able to meet requirements of 20,000 square feet to 1 million square feet.
Hines sold Phase One of Grand National Business Park in October 2020 and Phase Two in July 2021.
