News Summary
Blacktop Industrial Trust has acquired the Rosslyn Business Park, a key heavy industrial campus in Northwest Houston. The acquisition, made in partnership with a global investment firm, highlights Blacktop’s strategy to invest in industrial properties essential for manufacturing and logistics. The park spans over 337,000 square feet and includes a mix of seven tenants, featuring numerous facilities aimed at heavy industrial use. This investment aligns with the increasing demand for industrial spaces in the region.
Houston
Blacktop Industrial Trust has successfully completed the acquisition of the Rosslyn Business Park, a significant heavy industrial campus located in Northwest Houston. This acquisition, finalized in conjunction with a prominent global alternative investment firm that operates dedicated real estate investment vehicles, underscores Blacktop’s strategy to invest in industrial properties vital for manufacturing and logistics.
Rosslyn Business Park spans 337,705 square feet across a 45-acre campus. The property is fully leased to a diversified mix of seven tenants, spread across 11 buildings. The campus is particularly well-equipped for heavy industrial use, boasting substantial outdoor storage spaces and building clear heights that range from 20 to 55 feet. Key features include robust power supplies, overhead cranes, reinforced concrete floors, and drive-through capabilities facilitated by oversized grade-level doors, which cater to the needs of heavy manufacturing operations.
This strategic acquisition represents Blacktop’s initial venture targeting robust infrastructure industrial properties, focusing on sectors like manufacturing, logistics, and industrial outdoor storage. The significance of this investment is highlighted by the ongoing high demand for functional industrial properties within the region.
Market Insights
The Northwest Houston submarket currently experiences one of the lowest vacancy rates in the area, recorded at 4.7%. Approximately 35% of total tenant demand within this submarket is driven by manufacturing. In the second quarter of 2025, the region reported an impressive 1.3 million square feet of absorption, marking the most substantial quarterly performance since 2021. The vacancy rate for manufacturing facilities specifically within Houston stands at an incredibly low 1.3%, further indicating a robust industrial market.
Blacktop’s investment strategy is informed by proprietary research that points to a consistent supply-demand imbalance for functional, infrastructure-heavy industrial properties. As part of its focus, the firm aims to acquire crane-served, rail-connected, and power-intensive assets, particularly at discounts to replacement costs. This approach is particularly timely given current challenges related to zoning restrictions and high capital requirements that have hindered new constructions.
Company Background
Blacktop Industrial Trust was founded in 2024 by acclaimed real estate veterans Thomas A. Rizk and Roger W. Thomas. The company is presently led by CEO Ricardo Cardoso and CIO Christian Vergilio. The firm is backed by Rizk Ventures, an entity with substantial investments spanning across real estate, technology, and healthcare, managing a total of 26 million square feet of properties nationally.
In facilitating this acquisition, JLL Capital Markets served as the financial advisor to Blacktop, enhancing the trust’s operational capabilities as it embarks on further investments in the industrial sector.
With a clear focus on tapping into the growing demand for industrial spaces, Blacktop’s foray into the acquisition of Rosslyn Business Park positions the firm favorably within a competitive market, catering to a critical area of industrial infrastructure that supports Houston’s thriving manufacturing sector.
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Additional Resources
- Business Wire: Blacktop Industrial Trust Acquires Houston-Based Rosslyn Business Park
- Wikipedia: Houston
- BDT Online: Blacktop Industrial Trust Acquires Houston-Based Rosslyn Business Park
- Google Search: Blacktop Industrial Trust
- JLL Capital Markets
- Google Scholar: Industrial Real Estate
- Encyclopedia Britannica: Industrial Property
- Google News: Houston Industrial Market
Author: STAFF HERE HOUSTON TX WRITER
HOUSTON STAFF WRITER The HOUSTON STAFF WRITER represents the experienced team at HEREHouston.com, your go-to source for actionable local news and information in Houston, Harris County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Houston Livestock Show and Rodeo, Art Car Parade, and Chevron Houston Marathon. Our coverage extends to key organizations like the Greater Houston Partnership and Houston Area Urban League, plus leading businesses in energy and healthcare that power the local economy such as ExxonMobil, Schlumberger, and Houston Methodist. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
