Griffin Partners Developing 569,000 SF, Market briefs

In Houston, Griffin Partners Income & Value Fund IV and Peakline Real Estate Funds has purchased additional land for the development of the Griffin 288/West Airport industrial project in Houston to a total of three buildings with a combined 568,619 SF on 40.7 acres.

The developers have selected CBRE’s Faron Wiley and Billy Gold to handle leasing efforts for the project. Construction for the project is slated to start in July 2025, and the buildings are projected to deliver at midyear 2026.

“Securing the adjacent parcel marks a major milestone for our team and allows us to realize the full potential of this strategic infill site,” said Travis Covington, President of Development at Griffin Partners. “By combining Phase I and Phase II into one cohesive development, we’re delivering over 560,000 SF of next-generation industrial space on a unified timeline. This project exemplifies Griffin Partners’ commitment to developing quality assets in strategic locations and represents a great win for our partners and the broader Houston industrial market.”

Located in the South Houston submarket, Griffin 288/West Airport has direct access to Highway 288 and strategic access to the Texas Medical Center, Port of Houston, and broader Houston Metros via I-610 and Beltway 8. In December 2024, Griffin Partners and Peakline purchased 17.8 acres and laid out plans for a 224,700 SF class A industrial building. In May 2025, Griffin Partners and Peakline purchased an additional 22.9 acres with plans for two new class A industrial buildings with 343,919 SF.

“Houston’s robust industrial sector presents a fantastic opportunity for Griffin 288,” said Wiley, Senior Vice President at CBRE. “The market has a strong pool of prospective tenants and buyers, and we’re eager to get started and provide high-quality industrial solutions to meet the market’s needs.”

At the beginning of 2025, the South Houston submarket recorded 535,755 SF of positive absorption, ending the year with a 3.4% vacancy rate, demonstrating positive supply and demand dynamics for speculative development.

Edward Griffin

Griffin Partners, founded in 1980 by Fred Griffin, has purchased or developed properties throughout Texas, Colorado, Arizona, Utah, Tennessee, and North Carolina.