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Category Archives: Industrial

Even With Its 380 Airports, Texas Mobility Will Be Challenged by Population Surge, CBRE Research Reports

HOUSTON – Mobility and air connectivity are key issues for the Texas, which is experiencing exceptional population growth, according to CBRE Research. The so-called Texas Triangle – a growing region bounded by Houston to Dallas to San Antonio – is expected to see massive growth in the coming years, a challenge to mobility. “By 2045, the Texas Triangle will add ... Read More »

Industrial Realty is Hot: The Q&A with Charlie Christ of Clay Development and Construction

Despite the drop in energy prices, Houston’s industrial sector remains robust. Earlier this year, heating, cooling and refrigerant product manufacturer Daikin Industries announced it was expanding in Space City with a new 4 million-square-foot campus with 4,000 jobs. Such activity is providing a boon to firms such as Clay Development & Construction, a design/builder of industrial build-to-suit facilities. Clay has ... Read More »

Permian Basin Property Sold in West Texas Oil Slump

ODESSA, Texas – The Houston office of Cresa, North America’s largest tenant advisory firm, recently represented Sandridge Energy in the disposition of a 78,396-square-foot facility on 117 acres in Odessa, Texas. Lariat Services, a subsidiary of Sandridge Energy was in the process of vacating its divisional office in the Permian Basin during the sale. Lariat Services focuses on drilling, from ... Read More »

E-Commerce Creates Thrice as Much Demand for Warehouses, ULI Panel Says

SAN FRANCISCO – The sale of goods via the Internet is having a profound impact on the industrial real estate markets because e-commerce creates a greater need for warehouses, says Hamid Moghadam, chairman of Prologis Inc., one of the world’s largest warehouse companies. E-commerce sales require three times as much warehouse space as sales completed in regular brick-and-mortar stores, said ... Read More »

Austin Group Sells Its 354-Unit Project in Katy, Texas

KATY, Texas — Austin-based Oden Hughes LLC, sold the 354-unit Parkside Grand Parkway apartment community in Katy to EGI International Corp. Completed in 2014, the 14-acre property is just west of Houston, is at the southwest corner of Katy Fort Bend Road and Grand Parkway near Interstate 10. David Mitchell of ARA Newmark  represented Oden Hughes, which focuses on Texas markets, in the ... Read More »

Mariak Bringing Blinds and Shades Business to Ellington Warehouse

HOUSTON – Los Angeles-based Mariak, a leading manufacturer of custom window coverings, blinds and shades, has leased 104,000 square feet of industrial space in Ellington Trade Center on the southeast side of Houston. Industrial space on the east and southeast side of Houston has been in high demand as companies seek locations in the Port of Houston. “Mariak will be ... Read More »

Industrial Strength: 158 Warehouses Under Construction in Texas

HOUSTON – Texas is in the midst of a warehouse boom. CBRE Research reports 158 large industrial buildings were under construction in the state during the second quarter of 2015. Dallas, a major retail distribution hub, leads the way with 14 million square feet of industrial space under construction, CBRE reported. Houston, riding the wave of a petrochemical growth, has ... Read More »

Canadian Investor Buys Industrial Buildings on Texas/Mexico Border

McAllen, Texas – Canadian investor Dalfen America Corp., purchased four industrial buildings in the 1,200-acre Sharyland Business Park in McAllen, near the Texas/Mexico border. The portfolio consists of 635,752 square feet and is 89 percent occupied. JLL Capital Markets managing director Randy Fleisher, who arranged a $60 million credit facility for Dalfen through Bank of America, said foreign investors are leading a ... Read More »

Packers Plus Starts New Campus in Houston’s Tomball Area

Houston – A Canadian oilfield services company, undeterred by falling oil prices, has acquired 17 acres in the Tomball area of Houston where it will build a new manufacturing and R&D campus. Packers Plus Energy Services is building a 50,000 square-foot research and development center, a 237,000 square-foot manufacturing building and a 40,000 square-foot office building in the Tomball Business and Technology ... Read More »

ATCAP Buys Warehouse Adjacent to Budweiser Plant in East Houston

HOUSTON – ATCAP Partners, a Dallas-based firm, has acquired a 120,810-square-foot industrial facility in east Houston at 8451 Market Street. Holliday Fenoglio Fowler, L.P marketed the property on behalf of the seller, Mayfield Properties, LP. ATCAP Partners purchased the building for an undisclosed amount all cash and was assisted by HFF in arranging acquisition financing.  HFF was also involved in ... Read More »

Logistics Firm Leases 334,000 Square Feet

HOUSTON – Pathmark Transportation, a logistics operator that handles goods for Bed Bath & Beyond and other major firms, has signed four leases totaling 334,000 square feet of warehouse/distribution space to accommodate its growing business. Cameron Maness of Transwestern represented the logistics aggregator in separate transactions in Atlanta; Houston; Orlando, Florida; and Memphis. Pathmark’s expansion has been driven in part ... Read More »

Crow Fund Buys 27 Warehouses in Houston and Dallas

HOUSTON – A private fund advised by Crow Holdings Capital – Real Estate (CHC-RE) purchased a 27-building, 2.35 million-square-foot, 95.6-percent leased industrial portfolio located in Houston and the Dallas-Fort Worth area. Holliday Fenoglio Fowler represented the seller, a partnership between Mayfield Properties, LP and AB Real Estate Group. HOUSTON ASSETS: The eight Houston facilities are located in the Northwest and ... Read More »

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