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Category Archives: Industrial

Airtex Distribution Center planned for North Houston

HOUSTON — International Airport Centers, an Illinois-based firm expanding into Houston, is developing the Airtex Distribution Center, a 225,360-sf warehouse property located at 300 West Airtex Boulevard in North Houston, near Interstate 45. Tom Lynch and John Fenoglio with CBRE Houston arranged the financing for the project, which is on a 14-acre site. The Airtex Distribution Center is scheduled for ... Read More »

Transwestern/Ridge JV to Develop Industrial in U.S. and Mexico

HOUSTON — Transwestern Development Co. has entered into a joint venture with the principals from Chicago-based Ridge Property Trust  to expand its industrial development in North America, including Mexico. The joint venture, Ridge Development will focus on the development of warehouse, distribution and manufacturing facilities; the acquisition and development of green-field properties; and the redevelopment of existing buildings and brownfield ... Read More »

USAA Buys Huge Refrigerated Warehouse

STOCKTON, Calif. — USAA Real Estate Co. has acquired 916,000 square feet of industrial space – including a massive freezer – in Stockton in California’s Central Valley, the fastest growing region in California. CBRE’s Tyson Vallenari, Blake Rasmussen, Kevin Dal Porto and Ryan McShane, represented San Antonio-based USAA in buying  the two buildings, with adjacent land. Building 1 features 30,000 ... Read More »

Avera Expands Century Plaza Distribution Center

HOUSTON – Avera, a Houston-based commercial real estate development, construction and investment firm, has acquired additional land for an expansion of Century Plaza Distribution Center in North Houston. Avera has acquired 8.2 acres located at 350 Century Plaza Drive for the fourth phase of the industrial park. Avera is making the site available for a build-to-suit project. Preliminary plans include a ... Read More »

Bear Creek Industrial Park Breaks Ground

HOUSTON – Finial Group will develop Bear Creek Industrial Park on a 9-acre tract north of the Energy Corridor, near the corner of Kieth Harrow and Barker Cypress. Bear Creek Industrial Park is a speculative development that will be comprised of two new 30,000 SF, 20-ton crane-capable industrial facilities on 3.9 acres each allowing for substantial outside storage. The buildings ... Read More »

Transwestern Buys Epic Realty to Become Major Player in Chicago Industrial

HOUSTON – Houston-based Transwestern has acquired Epic Realty Partners,  a major industrial real estate group in metropolitan Chicago. With the deal, Transwestern adds a 20-member team of experienced industrial professionals that increases the power and scope of its industrial services in Illinois and nationally. The transaction establishes Transwestern as one of the top five industrial real estate providers in the ... Read More »

CBRE: Houston Industrial Market Surging

HOUSTON – Houston has one of the best industrial markets in the nation with a low vacancy rate of 5.3 percent and 6 million sf of annual absorption, according to CBRE Group. “Industrial is strong. Demand continues to be strong and supply continues to be constrained,” said Mark Taylor, senior managing director in Houston for CBRE at a recent CBRE ... Read More »

Industrial Business Park Near The Woodlands Sold

HOUSTON —  CBRE coordinated the sale of The Pines Business Park on behalf of a private real estate fund advised by Crow Holdings Capital Partners, L.L.C. and Lincoln Property Co. The 139,330-SFbusiness park is comprised of three light industrial buildings in North Houston. The buildings are 100% leased. “The Pines Business Park provides immediate access to I-45, excellent demographics, deep labor pools, ... Read More »

Hines and Oaktree Acquire 40 Buildings Near Kansas City

LENEXA, Kan. – Hines, the Houston-based real estate firm, in conjuction with Oaktree Capital Management, has acquired the Southlake Technology Park and Lenexa Industrial Park – a total of 40 buildings and 70 acres of land near Kansas City, Mo. The two commercial real estate parks comprise 1.67 million SF located near the intersection of Interstate 35, Interstate 435 and ... Read More »

1 Million SF of Distribution Space Underway at Hines’ Pinto Business Park

HOUSTON – Hines, the Houston-based international real estate firm, and its joint venture partners Kohlberg Kravis Roberts & Co. and Pinto Real Estate Development have announcedthat tiltwall panels are raised on a 840,000-sf, multi-building logistics development within Pinto Business Park in north Houston. The project will consist of one 600,000-sf, cross-dock distribution facility and two 120,000-sf, rear-load distribution buildings. HD ... Read More »

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