Real Estate Giant Passes Square Footage Milestone

HOUSTON, Texas — August 10, 2020 — Through a series of recent acquisitions, Welcome Group, LLC now has more than 5 million square feet of industrial space in its commercial real estate portfolio. The Houston, Texas-based real estate owner and developer’s extensive growth is in alignment with the company’s expansion goals.

Welcome Group’s robust portfolio consists of single-tenant commercial, distribution, lab, and manufacturing properties. The company is actively seeking direct purchase and sale-leaseback opportunities in support of its objective to own 6 million square feet of industrial real estate space by the end of 2020. 

While the Welcome Group is looking to expand its holdings throughout the southeastern United States, two of this year’s most notable acquisitions have taken place in the real estate developer’s home state. The procurements include Aldine Bender Industrial Park, which comprises three (3) single-tenant buildings totaling 116,790 square feet on approximately 38.09 acres and a Cedar Port Industrial Park property in Chambers County with 23 acres of industrial land for future development.   

Following these impressive additions, Welcome Wilson, Jr., President and CEO of Welcome Group, stated, “We are energized by our latest series of acquisitions and look forward to surpassing our goal of owning 6 million square feet of industrial space by the end of the year.”

Much of Welcome Group’s latest growth has been made possible by a capital infusion of $300 million from Almanac Realty Investors, a New York-based real estate firm. The partnership—which was initiated in 2019 and is expected to last seven years—has bolstered Welcome Group’s purchasing power, enabling the conglomerate to acquire properties at an accelerated rate. 

Welcome Group has demonstrated an impressive aptitude for real estate investment and development since its inception in the 1950s and subsequent strategic shift to single-tenant industrial properties in the 1990s. The company’s partnership with Almanac Realty Investors has augmented the value of Welcome Group’s portfolio and supported the owner and developer’s continued, exponential growth.

About Welcome Group:

Welcome Group owns more than 115 single-tenant industrial properties in Texas, comprising more than 5 million square feet. Welcome Group develops and acquires single-tenant commercial, distribution, lab, and manufacturing properties, as well as entire real estate portfolios.

The company offers build-to-suit and design-build services for interested firms. Welcome Group is actively seeking direct purchase and sale-leaseback opportunities throughout Texas and the southeastern United States.

For more information visit welcomegroup.com.