Quannah Partners and LaSalle Announce Sale of 290 Crossroads Commerce Center in Houston

Quannah Partners has successfully completed the sale of the 290 Crossroads Commerce Center in Houston, Texas. The facility encompasses 183,301 square feet and is classified as a Class A industrial property. It was sold to a user/operator, marking a significant transaction in the region's industrial market.

The property was developed in conjunction with LaSalle Investment Management, which invested in the project due to strong market fundamentals and ongoing demand for modern logistics facilities in Houston's northwest industrial corridor. Originally intended as a speculative industrial development, the building was put under contract early in the development phase, allowing for alignment between the design and construction processes and the operational needs of the buyer.

"290 Crossroads is representative of the type of development opportunities we continue to pursue across our platform," said Doug Wiley, Chief Executive Officer of Quannah Partners. The completion of this project further illustrates the sustained demand for efficient, highly functional industrial facilities in Houston's key distribution corridors.

Jeff Shuster, President of LaSalle Value Partners, emphasized the importance of the collaboration with Quannah, stating, "This transaction reflects our continued conviction in well-located industrial assets in high-growth logistics corridors." The property reached substantial completion in June 2026 and features modern industrial specifications with strategic access to major transportation and logistics networks in Houston.

The successful sale of 290 Crossroads enhances Quannah Partners’ industrial portfolio across Texas and Colorado while aligning with LaSalle's strategic focus on industrial opportunities in key U.S. markets. To date, Quannah has developed or acquired over 2.2 million square feet of industrial real estate across nine investments, representing more than $228 million in committed capital.