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Stag Industrial buys Houston logistics facility

Joint venture sells fully-leased PortNorth 59
PortNorth 59 was fully leased at the time of the sale. (CoStar)
PortNorth 59 was fully leased at the time of the sale. (CoStar)
By Marian Shaw
CoStar Research
October 14, 2025 | 5:52 P.M.

Stag Industrial, a Boston-based real estate investment trust, acquired the 462,250-square-foot PortNorth 59 logistics facility from Phelan Bennett Development and The Carlyle Group for an undisclosed amount.

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News | Stag Industrial buys Houston logistics facility