JLL arranges sale of trophy industrial asset in Houston's Grand Central West business park

HOUSTON, May 28, 2026 - JLL Capital Markets announced today the sale of Grand Central West - Phase I, a newly constructed 838,446-square-foot Class A industrial facility located at 22206 Beckendorff Rd. in Katy, Texas.

JLL represented the seller, a partnership between Pinpoint Commercial and Senterra, in the transaction. Goldman Sachs acquired the asset.

The trophy asset was delivered in 2024 as a build-to-suit cross-dock distribution center for Builders FirstSource (NYSE: BLDR). The facility features 40-foot clear heights, 136 dock doors, 20 loading ramps, three drive-in doors, a 185-foot truck court and 31,065 square feet of office space representing 4% office finish. The property includes 8,000 amps of electrical service with underground conduit lines designed to support advanced manufacturing and distribution operations. Additional site features include 500 car parking spaces, 134 trailer parking spaces and a fully fenced and guarded truck court spanning 36.7 acres.

The property is fully leased to Builders FirstSource, which operates in the construction supply and manufacturing sector. The tenant consolidated four locations into this single facility, making it the largest occupied building in the company's entire portfolio. The location serves as the sole Texas facility for specialized manufacturing and distribution of windows.

The project, known as Grand Central West - Phase I, serves as the anchor building for the larger Grand Central West industrial park in Houston's Northwest submarket. The property sits in the direct path of the region's population growth, surrounded by multiple master-planned communities and residential developments including Elyson, Sunterra, Bridgeland and other projects totaling more than 50,000 housing units either built, under construction or planned. This supports Builders FirstSource's strategy of being in the middle of their client base of homebuilders. The facility's strategic location provides immediate access to Grand Parkway and Interstate 10, positioning it at the center of Houston's westward expansion and in proximity to major employment centers and the best-rated school district in the metropolitan area.

The JLL Capital Markets team representing the seller included Senior Managing Director and Industrial Group Co-Leader Trent Agnew, Managing Director Charles Strauss, Senior Director Lance Young, Associate Clay Anderson and Analyst Dawson Hastings.

"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."

The PinPoint Commercial and Senterra partnership owns approximately 284 acres near Grand Central West - Phase I, which will be further developed into industrial, retail and multifamily housing. Phase II of Grand Central West's development will kick off in Summer 2026 and will consist of two additional industrial buildings totaling 618,667 square feet. Phase II is expected to be complete by Q2 2027.

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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