New CRE firm continues momentum with purchase of 145,915 SF Point West Business Park
HOUSTON – (Oct. 20, 2021) – PHP Capital Partners (PHP), a privately owned investor and operator of industrial real estate properties, has entered the Houston market with the purchase of Point West Business Park, a 145,915-square-foot light-Industrial portfolio in southwest Houston. The purchase is the firm’s first deal in the Houston area.
Located on 10 acres at 10161 Harwin Drive in southwest Houston, Point West consists of three single-story, light industrial buildings. The Park offers easy access to Westpark Tollway and Beltway 8 and is a 10-minute drive to both Interstate 10 and Interstate 69.
“Given the markets fundamentals, and specifically what’s happening in southwest Houston, we’re excited to add Point West Business Park to our portfolio as we continue to pursue similar infill industrial properties,” said Pete Van Amburgh, Co-Founder of PHP. “We’ve put a big target on Houston as a primary market to expand into and we’re certainly on the hunt for more.”
Van Amburgh, along with Hunter Harrison and Paul Carr, founded the firm in January 2021 to capitalize on the increased demand for infill industrial properties as a result of shifting consumer shopping behavior, rising ecommerce and third-party logistics activity and supply chain disruption during the pandemic. The trio’s diverse yet complementary experience in commercial real estate investment, development and management positions the firm well. Since launching in January, PHP has sourced and closed on five transactions totaling over 500,000 square feet of multi-tenant light industrial properties in Dallas-Fort Worth and now Houston. PHP is actively pursuing more properties in the major Texas markets and anticipates closing more deals by the end of the year.
Prior to launching PHP, Van Amburgh served as vice president of development with KDC; Harrison served as vice president of investments with Fort Capital; and Paul Carr served as senior investment analyst with NorthMarq Capital.
About PHP Capital Partners:
PHP Capital Partners is a privately owned industrial real estate investment firm based in Fort Worth, Texas. The firm achieves exceptional, risk-adjusted returns for its partners through the acquisition, operation, and asset management of functionally superior, light industrial real estate properties in strategic markets across the South and Southwest United States. When evaluating and executing on acquisition targets, PHP aligns its interest with those of its stakeholders to derive exceptional outcomes.