Houston, TX – July 1, 2025 – CBRE announced that Griffin Partners Income & Value Fund IV and Peakline Real Estate Funds are expanding the Griffin 288/West Airport industrial project in Houston to a total of three buildings with a combined 568,619 square feet across 40.7 acres.
The developers have selected CBRE’s Faron Wiley and Billy Gold to handle leasing efforts for the project. Construction for the project is expected to start in July 2025, and the buildings are projected to deliver between April and June 2026.
“Securing the adjacent parcel marks a major milestone for our team and allows us to realize the full potential of this strategic infill site,” said Travis Covington, President of Development at Griffin Partners. “By combining Phase I and Phase II into one cohesive development, we’re delivering over 560,000 square feet of next-generation industrial space on a unified timeline. This project exemplifies Griffin Partners’ commitment to developing quality assets in strategic locations and represents a great win for our partners and the broader Houston industrial market.”
Located in the South Houston submarket, Griffin 288/West Airport has direct access to Highway 288 and strategic access to the Texas Medical Center, Port of Houston, and broader Houston Metros via I-610 and Beltway 8. In December 2024, Griffin Partners and Peakline acquired 17.8 acres and announced plans for a 224,700 square foot class A industrial building. In May 2025, Griffin Partners and Peakline acquired an additional 22.9 acres with plans for two new class A industrial buildings with 343,919 square feet.
“Houston's robust industrial sector presents a fantastic opportunity for Griffin 288,” said Wiley, Senior Vice President at CBRE. “The market has a strong pool of prospective tenants and buyers, and we're eager to get started and provide high-quality industrial solutions to meet the market's needs."
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Griffin Partners
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, visit www.griffinpartners.com.