Lovett Building 3 Million SF in Tomball

HOUSTON – (Realty News Report) – Lovett Industrial, the Houston-based real estate investment firm, and Clarion Partners, have started construction of Interchange 249, a 240-acre industrial business park consisting of more than 3 million SF.

The development will have 10 buildings located at the southwest corner of Highway 249 and Rocky Road.

Interchange 249 will be a three-phase project with Phase I consisting of four buildings totaling approximately 1.9 million SF, 48 percent of which is pre-leased to the Macy’s retail firm. Phase I is set to include four buildings: a 908,853 SF build-to-suit cross dock, a 746,246 SF cross dock, a 138,375 SF front load, and a 98,400 SF rear load. The Phase I buildings will feature 32’-40’ clear heights and 577 trailer parks; construction is set to be completed in the first quarter of 2023.

Interchange 249 is Lovett Industrial’s seventh development in the greater Houston area; other projects include NOVA Logistics Park, Nexus Logistics Park, Fort Bend Business Park, Fairway North Logistics Park, 99 North Logistics Park and 610 Business District, which comprise approximately 8,500,000 SF of completed or potential space. Lovett Industrial currently is active in 5 additional markets across the U.S. and has more than 5 million SF of projects currently under construction company-wide.

Marketing and leasing efforts for Interchange 249 will be exclusively handled by Jim Foreman and Allison Bergmann of Cushman & Wakefield. Harvey Builders is the General Contractor for the Macy’s Build-to-Suit, Powers Brown Architecture is the lead architect, and Kimley-Horn is serving as the project’s civil engineer.

The business park enjoys a highly visible and accessible location in the northwest quadrant of the Houston area and features approximately one mile of frontage along the Grand Parkway. The site has direct access to both the Grand Parkway and Highway 249, allowing for efficient regional and local distribution.

“We intend to deliver a project that we can all be proud of and one that will be a major economic generator for this area for years to come,” said Charlie Meyer, President and Co-Owner of Lovett Industrial.

Founded in 2020 and based in Houston, Lovett Industrial is currently active in 6 markets across the United States, Lovett Industrial’s portfolio consists of 7.6 million SF of completed and under construction warehouses and in excess of 10 million SF of warehouses planned for future development.

Last November, Lovett Industrial, a firm led by Frank Liu and Charlie Meyer, completed a 1 million SF Amazon warehouse in Fort Bend County.

The industrial sector is a strong part of the Houston real estate market.  Earlier this week, Walmart is building a 1 million-SF addition to its distribution warehouse campus in Baytown, east of Houston.

March 11, 2022 Realty News Report Copyright 2022

LISTEN – THE RALPH BIVINS PROJECT podcast with Michael Scheurich, CEO of Arch-Con Corp.

Photo Credit: Rob Greer

Groundbreaking Caption: Steve Robinson, Carmen Pearson, Casey Dillon, Jason Williams, Jodi Buhrman,Stacy Bobbitt, Charlie Meyer, Tomball Mayor Gretchen Fagan, Payson MacWilliam, Lauren Shipman, Alejandro Cuadros, Cody Fox.

File: Lovett Building 3 Million SF in Tomball.

Related posts

Over 4 Million New Apartments Needed

Realty News Report

Camden Moving HQ to Williams Tower

Realty News Report

RNR Real Estate Briefs – Texas & more

Realty News Report

Leave a Comment