AMB Property Corp., a global developer and owner of industrial real estate, this week announced it leased a 175,000-square-foot build-to-suit facility in Houston, Texas, to DHL Global Forwarding.
The value of the transaction was not disclosed.
The facility, named AMB IAH Logistics Center II, is being developed proximate to Houston Intercontinental Airport (IAH) on land capable of supporting up to approximately 150,000 square feet of additional development. The site is located on the main road into the future master-planned international air cargo terminal of IAH.
DHL is the air and ocean freight arm of DHL, which operates a delivery network worldwide.
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