BREAKING NEWS

Multifamily Construction to Fall 28 Percent, says NAHB

Woodforest Bank Buys Buildings in The Woodlands

RNR Real Estate Briefs – HOU, AUS, DAL & more

A Tide of Transformation: The Ralph Bivins Project podcast with…

After Selling Exxon Building, Shorenstein has Another Sale Working

Marina Buying Spree Sails On

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Hines Has 840,000 sf Under Construction in Pinto Business Park

by Realty News ReportOctober 16, 2013
Share0

HOUSTON –  A total of 840,000 sf of industrial space is under development in the Pinto Business Park, a 971-acre project located at the southwest corner of Beltway 8 and Interstate 45 in Houston, according to Hines. About a year ago, Hines formed a joint venture with KKR & Co., the private equity firm founded by Henry Kravis and George Roberts, and Pinto Realty Development to develop the massive industrial project, the largest such development inside Beltway 8.

Plaza Verde I and II, two spec distribution buildings, each 120,000 sf, are under development at Pinto now.

In addition, a large build-to-suit a 600,000 sf distribution building is underway. HD Supply has reportedly committed to occupying 500,000 sf of it, but Hines managing partner Palmer Letzerich, declined to confirm the identify of the tenant.

All three of the buildings will be completed in June 2014.

Activity so far indicates that Pinto Business Park is off to a fast start, Letzerich said.

“The combination of the Park’s superior location, its controlled and restricted business park setting and the Houston market’s strong fundamentals have provided for a rapid ramp-up in activity,” Letzerich said. “Pinto Business Park’s large scale, location and unique access make this an ideal location for virtually every institutional industrial application, ranging from large scale distribution centers to light industrial and assembly facilities.”

Holden Rushing of Studley  is leasing the project, which is west of Bush airport.

Share0
previous post
Houston Home Sales Set a September Record
next post
CBRE Fund Buys 41-story Marathon Oil Tower in Houston

Related posts

Multifamily Construction to Fall 28 Percent, says NAHB

Realty News ReportFebruary 1, 2023

Woodforest Bank Buys Buildings in The Woodlands

Realty News ReportJanuary 31, 2023

RNR Real Estate Briefs – HOU, AUS, DAL & more

Realty News ReportJanuary 28, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact