Goldman Sachs Buys Katy Property, Market briefs

In Houston, Goldman Sachs has purchased Grand Central West, Phase I, a massive new distribution center occupied by Builders FirstSource in Katy.

The seller, a partnership between Pinpoint Commercial and Senterra, was represented by JLL Capital Markets in the sale.

Located at 22206 Beckendorff Road, the 838,446-SF cross-dock distribution center was completed as a build-to-suit for Builders FirstSource in 2024. The property is located off the Grand Parkway near growing communities such as Elyson, Sunterra, and Bridgeland where homebuilder customers of Builders FirstSource operate.

Trent Agnew, Charles Strauss, Lance Young, Clay Anderson, and Dawson Hastings of JLL worked on the deal.

“The seller successfully executed a value-creation strategy by delivering a best-in-class build-to-suit facility that serves as a critical, irreplaceable component of the tenant’s statewide operations,” said Agnew. “The property’s location in the path of significant residential growth, combined with over 10 years of lease term remaining, made this an exceptionally compelling investment for Goldman Sachs.”

Irving-based Builders FirstSource, which supplies and manufactures materials for homebuilders, multifamily builders, and remodelers, consolidated four locations into this single facility, making it the largest occupied building in the company’s portfolio. The publicly traded company has 570 distribution and manufacturing locations in 43 states.

In The expansive Builders FirstSource facility has 40, foot clear heights, 136 dock doors, 20 loading ramps, three drive-in doors, a 185-foot truck court, and 31,065 SF of office space. The location serves as the company’s sole Texas facility for specialized manufacturing and distribution of windows.

The PinPoint Commercial and Senterra partnership owns 284 acres near Grand Central West, Phase I for future industrial, retail, and multifamily housing developments. Grand Central West Phase II is slated to kick off in Summer 2026 and will consist of two additional industrial buildings totaling 618,667 SF, as stated by JLL. Phase II is slated to be complete by Q2 2027.