James Campbell Company (JCC), a $5 billion private, Hawai‘i-based real estate investment company with origins that date back to 1860, has acquired Beltway Crossing Northwest, a three-building industrial park totaling 663,882 square feet, along with a 7.4-acre land parcel in Houston, Texas. The acquisition reflects JCC’s strategy to diversify its portfolio and enhance long-term financial stability through investments in high-performing U.S. markets.
“Beltway Crossing Northwest is an important addition to our portfolio, reinforcing our commitment to creating long-term value that complements our Hawai‘i operations and developments,” said Kevin Penn, president and CEO of James Campbell Company. “Houston’s dynamic market offers strong growth potential, making it an ideal location for this investment. The acquisition also complements our existing investments in the Houston market.”
The fully leased property offers stable income and near-term growth opportunities. With an average lease term of three years and rents that are below market rates, JCC is positioned to capture additional value in the coming years. The adjacent 7.4-acre parcel provides development potential for a 150,000-square-foot building to meet growing industrial demand.
Beltway Crossing Northwest’s prime location offers direct access to Houston’s extensive transportation infrastructure and robust population growth. Located in the Northwest Houston submarket—the region’s largest industrial submarket with 147.4 million square feet of space—the area boasts low vacancy rates and strong demand driven by its strategic location.
Houston is one of the nation’s fastest-growing metro areas, with a population exceeding 7.5 million and a projected gain of 500,000 residents by 2028. The city’s pro-business environment, low cost of living, and skilled workforce attract industries such as energy, manufacturing, logistics, and aerospace. The Northwest Houston submarket accounts for 23% of the region’s industrial supply, with rents expected to rise as demand outpaces construction.
About James Campbell Company LLC
James Campbell Company LLC is a private, Hawai‘i-based, and nationally diversified real estate company headquartered in Kapolei, Hawai‘i with properties in Washington, D.C. and 12 states across the U.S. The Company remains deeply committed to its local roots and creating value for our Shareholders. For more information, visit www.jamescampbell.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250206879540/en/
Contacts
Angela Behm
Stryker Weiner & Yokota
angela@strykerweiner.com
