Sunday , 25 September 2016
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Amazon to Build an 855,000 SF Fulfillment Center in Hines Business Park in Houston

HOUSTON – Amazon will build an 855,000 SF fulfillment center in Hines’ Pinto Business Park at the southwest corner of Interstate 45 North and Beltway 8 in north Houston.

The Harris County commissioners voted Tuesday to provide Amazon with a tax abatement of $180,000 a year for 10 years, as an economic stimulus, according to the Houston Chronicle.

Amazon will spend $136 million to build the Houston facility, which will employ 1,000 people.

The 971-acre Pinto Business Park is being developed through a joint venture between Hines, Pinto Real Estate Development, Inc., and Kohlberg Kravis Roberts & Company, LP, and is the largest, fully entitled, contiguous tract of land located inside Beltway 8 and outside the 500-year floodplain. Pinto Real Estate Development is a wholly owned subsidiary of Cockrell Interests LLC.

When fully built out, the Pinto park represents an opportunity of 8,000,000 SF and a potential investment of more than $900 million.

Houston-based Hines, founded in 1957, has a presence in 182 cities in 20 countries.

June 29, 2016

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