WALLER, Texas – Alegacy Development is developing an 87-acre industrial park near the Waller community, west of Houston.
Located near Highway 290, the park will include more than 20 industrial and office buildings totaling 500,000 square feet upon completion.
Commercial State Bank recently closed a $17 million commitment to Alegacy Development for the industrial park. With syndication to Community Bank of Texas and Amegy Bank, it will fund the first of three phases for the development.
“I’m proud that we could provide this significant amount of financing for such an outstanding development,” said Commercial State Bank Chairman and CEO Johnny Brooks. “This is a major milestone for our bank, and we’re looking forward to seeing the new industrial park up and running.”
Established in El Campo, Texas in 1921, Commercial State Bank has three branches located in Humble, Katy-Fulshear and Palacios.