HOUSTON – (Realty News Report) – The Business Center at Five Corners, a 542,090-SF industrial park, is under construction along Beltway 8 in south Houston.
The five-building 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 new Five Corners project is actually due south of Williams Tower, a 64-story building (formerly known as Transco Tower) near Loop 610.
The Five Corners project is being developed by a joint venture of Levey Group, a Houston-based commercial real estate investment and development company, and ANICO Eagle, a member of American National Group, Inc.
The development is located on a 44-acre site near Hiram Clarke Road between S. Post Oak and Almeda roads.
CBRE’s Joseph Smith and Nathan Wayne are managing leasing for The Business Center at Five Corners.
The property offers more than one-half mile of Beltway 8 frontage. Burton Construction, general contractor for the project, has begun site preparation with completion expected in the first quarter of 2022.
Ranging from 68,304 to 138,163 SF, the buildings will offer ceiling heights from 28-32 feet. The property also will feature 595 surface parking spaces.
Located within the boundaries of the Five Corners Management District, the project was named after its geographical location where the boundaries of Houston, Missouri City, Stafford, Pearland and Sugar Land converge.
EDITOR’s Comment: Realty News Report encourages the CRE Research Forum (CRERF), and Houston commercial real estate organizations to consider renaming the “Southwest” submarket area. The westward growth of Houston has redefined the city in the last decade.
May 24, 2021 Realty News Report Copyright 2021
Image: Courtesy Levey Group and ANICO Eagle
File: Five Corners Business Park Breaks Ground
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