Circle Industrial, a Los Angeles–based real estate private equity firm, has acquired Westpark Business Center, a 207,571-square-foot, three-building infill industrial business park located at 3912–3938 Dunvale Road and 8626–8708 Westpark Drive in Houston, Texas. The property is situated in the Southwest submarket, one of the city’s most supply-constrained and in-demand industrial corridors.
The transaction was brokered by Trent Agnew, Charlie Strauss, Lance Young, and Brooke Petzold of JLL.
Positioned at the southwest intersection of Dunvale Road and Westpark Drive with direct frontage along Westpark Tollway, the asset provides immediate access to Beltway 8, Loop 610, and I-69 — connecting tenants to Houston’s Central Business District, George Bush Airport, and the city’s rapidly expanding westward population centers.
Constructed between 1981 and 1982, the three-building campus spans 9.84 acres and features 18-foot clear heights, a combination of front-load and rear-load configurations, 45 dock doors, and 11 grade-level ramp – accommodating a diverse range of tenant uses.
“This acquisition aligns directly with our strategy of targeting irreplaceable infill assets with durable fundamentals. Westpark’s location, functionality, and below replacement cost basis provide a compelling foundation for value creation, and we’re excited to execute on a clear plan to elevate performance over the hold period.”
— Rene Franco, Executive Vice President, Circle Industrial
Circle Industrial is actively seeking industrial building and land acquisition opportunities across its target markets in California, Texas, Georgia, Colorado, Utah, Tennessee, and Florida.