“The continued expansion of e-commerce and direct-to-consumer business models is driving demand for industrial facilities in Northwest Houston,” said Grant Pearson, Vice President of Development at Jackson-Shaw. “There is an increased demand from retailers and wholesalers for industrial and logistics locations close to residential density and growth. This infill location will serve the regional population growth in Northwest Houston and capture last-mile demand in this submarket.”
At total build-out, the project will have 476,640 square feet of Class A industrial space in four buildings and will be able to accommodate tenants from 15,000 square feet to 200,000 square feet. The business park has access to Beltway 8, U.S. Highway 249, and U.S. Highway 290.
“Northwest Houston is and always has been the premier submarket in Houston for industrial development and tenant activity. We feel very fortunate to have located a tract of this size in Northwest Houston within two miles of Beltway 8, U.S. Highway 249, and U.S. Highway 290,” said Michael Foreman, Director at Cushman-Wakefield.
“E-commerce businesses will have two large delivery hubs — UPS and FedEx — within close proximity, truly making this the nexus of industrial space in Houston,” said Beau Kaleel, Managing Director at Cushman-Wakefield.
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The land was assembled from multiple landowners and is platted into a single lot. Construction commenced in March 2020, and substantial completion is estimated for December 2020.
Diamond Realty Investments, Inc. is the equity partner, Burton Construction is the general contractor for the project, with Powers Brown as the project’s architect, Kimley-Horn as the civil engineer, and Comerica as construction financier. Kaleel and Foreman of Cushman-Wakefield are managing the leasing assignment for the development.
