38,706 square foot small bay industrial park in northwest Houston trades hands
News Release
Colliers represents Wolf Capital Partners in sale of Milwee Business Park to Griffin Partners
38,706 square foot small bay industrial park in northwest Houston trades hands
Houston, July 01, 2025 - Colliers is pleased to announce the sale of Milwee Business Park, a two-building, 38,706-square-foot shallow bay industrial park located at 4901 Milwee Street in Houston’s Northwest Near Submarket. Colliers’ Todd Moore, Connor Duffy, and Zack Martinrepresented the seller, Wolf Capital Partners, in the transaction. The property was acquired by Griffin Partners, a respected Houston-based real estate investment and development firm.
“Griffin Partners was a pleasure to work with throughout the transaction,” said Todd Moore of Colliers. “They recognized the long-term value of this infill industrial asset and acted decisively to secure it.”
“Milwee Business Park represents the first of several shallow to mid bay industrial projects we are looking to acquire across our various target markets. This asset, while an older vintage, shows extremely well with the recently completed refurbishments, it’s well-located, highly functional for the existing tenancy, and provides various ways our team can add value over time,” said Andrew Montgomery, President of Griffin Partners Investment Management. “We’re excited about the opportunity and appreciative of the seamless process with both Colliers and Wolf Capital.”
Milwee Business Park is currently 91% leased, offering stable in-place cash flow with near-term upside through lease-up and rental rate growth. Situated just 0.6 miles from U.S. 290 and the 610 Loop, the property offers convenient access to Houston’s key population and employment centers.
“This sale underscores continued investor demand for well-located industrial product that pairs cash flow with upside,” Moore added. “Milwee Business Park’s solid tenancy, functional space, and irreplaceable location made it a highly competitive offering. Wolf Capital did an excellent job repositioning the asset and executing on their business plan on a property with strong fundamentals in a prime infill location.”
Northwest Houston remains one of the metro’s most active industrial submarkets, fueled by increasing rental rates, sustained demand, and limited new supply.
Griffin Partners is a commercial real estate investment, development, and property management firm founded in 1980 by Fred Griffin. Headquartered in Houston, Texas, Griffin Partners has cumulatively acquired or developed over 19 million square feet of space across more than 85 projects comprised of 124 individual properties, with an aggregate value that exceeds $2.6 billion. The company owns and operates properties throughout Texas, North Carolina, Colorado, and Tennessee. For more information on Griffin Partners, visitgriffinpartners.com.
About Colliers
Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
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