HOUSTON – (Realty News Report) –- The Business Center at Five Corners, a new Beltway 8 project developed by Levey Group, is now 100-percent leased with the addition of four new tenants totaling 215,000 SF of industrial/distribution space.
Completed in 2022, the five-building, 550,000-SF project is situated on 44 acres in south Houston between Post Oak Road and Hiram Clarke. The property has 3,000 feet of frontage on Beltway 8.
Joseph Smith and Nathan Wynne of CBRE have been leasing the project for the developer.
LeCangs, a third-party logistics subsidiary of Locktek, has leased 133,000 SF to provide comprehensive eCommerce, warehousing and logistics services.
Johnson Controls has leased 43,000 SF for distribution of its heating, ventilation and air conditioning technologies.
United Healthcare Services has leased 13,000 SF for office and warehouse purposes.
PV Hardware, a subsidiary of Gransolar of Spain, has leased 26,000 SF to provide solar trackers, structures and control solutions for solar plants.
Other tenants at The Business Center at Five Corners include Porcelanosa USA, LHR Services & Equipment, Merit Brass, Sun Mark Stainless, Inc., Texas Exposition Services, Freedom Forever, Makitso, Solwel and Universal-1 Imports.
“The tenants represent a diversified mix of regional, national and international companies across a range of industries,” says Gary Greenberg, Chief Operating Officer of Levey Group.
The Business Center at Five Corners is a joint-venture partnership formed by Levey Group and ANICO Eagle, a member of American National Group.
EV Charging Stations Installed
Levey Group’s progressive project design incorporated multiple electric-vehicle (EV) charging stations and a designated parking area for future EV fleet charging. Additional sustainability measures include LED lighting fixtures both inside and outside the warehouses, reflective white “cool” TPO roofing, low-E argon-gas filled double-pane windows, reflective white interior walls, and the use of only low-VOC paints.
Construction Boom on South Beltway 8
The Five Corners project continues a construction trend toward along the southern stretch Beltway 8, where warehouse construction has been robust for about five years.
In some circles, tradition has dictated this corridor should be called “southwest.” However, a look at the Houston city map, shows that much of this construction is not actually deserving of being identified as “west” Houston for those who are exact about urban geography. The so-called Southwest market area is east of the Southwest Freeway.
The Five Corners project is actually several miles due south of Williams Tower, a 64-story building (formerly known as Transco Tower) near the intersection of Loop 610 and Westheimer Road. In modern times, Williams Tower is considered to be located central Houston, not west or southwest.
The warehouse and logistics construction boom along the south Beltway extends from Telephone Road to Highway 90. Major developers such as IDV, Hines, Robert Clay and Welcome Wilson and many others have constructed industrial projects and build-to-suits along that corridor. Tenants have included Amazon and logistics/shipping firms, such as Penske Logistics, which leased 600,000 SF in the South Belt Central Business Park..
Oct. 9, 2023 Realty News Report Copyright 2023
Image: Courtesy Levey Group
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File: Beltway Project Hits 100 Percent Occupancy