PlaceMKR announced the acquisition of Rankin Yards, a crane-served advanced manufacturing and industrial campus located in North Houston. Financial terms of the transaction were not disclosed.
The 50-acre infill industrial property, located at 1310 Rankin Road in Houston’s North Hardy Toll Road submarket, was acquired from Wellbore Integrity Solutions in partnership with an alternative investment manager. Wellbore Integrity Solutions will remain a tenant at the property following the transaction.
Rankin Yards includes 17 buildings totaling approximately 612,000 square feet and features 32 cranes along with an on-site 40-megawatt substation. PlaceMKR said the power infrastructure has the potential for significant future expansion to support advanced manufacturing, energy services, and data center tenants.
The company also plans redevelopment initiatives at the property, including enclosing existing craneways to add approximately 88,000 square feet of additional rentable space.
PlaceMKR said crane-served facilities remain difficult and expensive to retrofit into existing industrial buildings, creating a competitive advantage for tenants requiring heavy manufacturing and specialized operational capabilities.
The acquisition marks PlaceMKR’s entry into the Houston market as the company continues expanding its industrial and real estate footprint across Sun Belt markets.
The property is positioned near Interstate 45, Beltway 8, and George Bush Intercontinental Airport within Houston’s North Hardy Toll Road industrial corridor. PlaceMKR cited strong industrial demand fundamentals in the submarket, including low vacancy rates and rising industrial rents.
PlaceMKR is an Austin-based real estate investment and development firm focused on industrial, data center, office, retail, and multifamily properties across the Sun Belt.
KEY QUOTES:
“Houston, like many high-growth and high demand markets across the country, is experiencing steadily increasing demand for advanced manufacturing facilities. Having tracked this structural demand shift closely, Rankin Yards checks every box for tenants who need serious power capacity and modern operational infrastructure. We are excited to enter the Houston market with such a strong asset and look forward to continuing to grow our footprint in the region.”
Christopher Cortese, Co-Founder, PlaceMKR
“This acquisition presents a compelling opportunity to invest in the current onshoring surge occurring in Houston. With every building overhead crane-served, an expandable on-site 40-megawatt substation and future availability of over 400,000 square feet, we believe this property is well positioned to serve a community with significant advanced manufacturing space needs within one of Houston’s most active industrial corridors.”
Jesse Weber, Co-Founder, PlaceMKR
