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Category Archives: Industrial

NAI Partners: Houston’s Crane-Served Manufacturing Buildings Suffering Because of Oil Decline

HOUSTON – Demand for crane-served manufacturing buildings has declined sharply in Houston because of the drop in oil prices and drilling activity, according to a report by NAI Partners. Although other sectors of Houston’s industrial market are strong, the crane-served market has 1.4 million SF of sublease space available. Year-to-date the crane-served market has 1 million SF of negative absorption, ... Read More »

Colliers: Land Purchased for GE Betz Facility in Tomball

HOUSTON – GE Betz Inc., a division of GE Power and Water, has acquired a tract in Tomball, northwest of Houston, where it will build a laboratory and office. The $25 million project, the second for the Tomball Business And Technology Park, will create 75 jobs. GE Betz purchase a 5.5 acre tract of land on Spell Road just west of ... Read More »

6,000 Jobs Forecast – New Daikin HVAC Factory Raises Employment Target from 4,000 to 6,000 at World’s Largest Tilt-Wall Building

(By Dale King) HOUSTON – The economic impact of the massive new Daikin Industries facility keeps getting bigger.
A company spokesman now says Daikin may have as many as 6,000 employees when the plant is fully operational in Northwest Houston. That’s a significant increase over the 4,000-employee work force that Daikin expected when the HVAC factory was announced last year. “We are ... Read More »

Plastics Packager Leases Industrial Space Near Ship Channel

HOUSTON – The Packwell company, a Houston-based plastic resin packager, has signed a 286,000 SF industrial lease at Bayport Distribution Center in Pasadena, near Houston. The rail-served bulk warehouse, located near West Fairmont Parkway and Underwood Road, is owned by Industrial Property Trust of Denver. Packwell’s industrial space at Bayport Distribution center will be primarily used for packaging and storing ... Read More »

Colliers: Industrial Leasing Slowing in Sluggish Economy

HOUSTON – Industrial leasing activity is slowing in Houston, although the vacancy rate remains healthy, according to Colliers International. Industrial leasing activity dropped 55 percent to 3.6 million SF, down from 8 million SF in the second quarter of 2016, reports Lisa Bridges, director of market research of Colliers. “Houston’s industrial market shows signs of slowing due to the downturn ... Read More »

CBRE: 21 Million SF of Industrial Space Under Construction in Dallas

DALLAS – CBRE reports 20.7 million SF of industrial space is under construction in Dallas/Fort Worth, with about 32 percent of the buildings preleased, according to CBRE’s second quarter report. Demand is high. During the second quarter of 2016, the Metroplex absorbed 6.6 million SF of industrial space, the best quarter since 2013. CBRE Research has released the Q2 2016 DFW ... Read More »

Sixty-Six Warehouses Under Construction in Houston, CBRE Reports

HOUSTON – Sixty-six warehouses and industrial buildings are under construction in the Houston area, the most robust construction pace in years with 11.2 million square feet being built according to CBRE. Robert Kramp, CBRE’s director of research and analysis, says Houston has become a major distribution hub that no longer relies as heavily on Dallas, the traditional warehouse and distribution ... Read More »

Clay: Houston’s Emerging ‘Petrochemical Corridor’ Shows Signs of Strength

Thanks to the fracking boom that began a decade ago — providing low cost energy and low price feedstock for the area’s chemical manufacturing facilities — Houston’s Eastside has been on a roll. Numerous chemical manufacturing plants in the area have expanded while other firms began shopping around the Eastside for sites. An estimated $35 billion worth of chemical facilities ... Read More »

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 ... Read More »

Dow Chemical Leases Office Space in Clay Development’s New Deer Park Building

DEER PARK, Texas – Clay Development & Construction has landed Dow Chemical as an tenant in the “Petrochemical Corridor” office market on the east side of Houston. “Situated in Houston’s petrochemical corridor, Deerwood Office III is a full-service office location for companies serving industrial operations near the Ship Channel,” says company president Robert Clay. “This is Class A office space ... Read More »

Hines Opens Business Park in Southwest Houston

HOUSTON – Hines has completed the first phase of its Beltway Southwest Business Park, a 75-acre industrial project at the northeast corner of Beltway 8 and Fort Bend Toll Road on the south side of Houston. The master-planned business park is expected to have 950,000 SF of light manufacturing and distribution space. The development of Phase I, which consists of ... Read More »

Carson Developing 400,000 SF in Bayport, Near Houston Ship Channel

HOUSTON – Carson Companies has broken ground on four buildings in Bayport Industrial Park on Houston’s southeast side. The four buildings, which will have a total of 397,775 SF, will be located west of Texas 146, not far from Houston’s Barbour’s Cut and Bayport container terminals as well as the Ship Channel and petrochemical complex. “This project is a continuation ... Read More »

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