Major Industrial Park Underway

HOUSTON – (Realty News Report) – Trammell Crow Company and joint venture partner Daiwa House Texas have broken ground on Blue Ridge Commerce Center, a five-building industrial park located in Fort Bend County on the southwest side of the Houston area.

The 1.4 million SF project will be built on 92 acres at the northwest corner of the Fort Bend Parkway and McHard Road, two miles south of Beltway 8.

Scheduled for completion in the summer of 2025, the project will be located in Houston’s southwest industrial submarket.

“Houston’s southwest submarket is one of the fastest growing industrial submarkets in the region and was less than five percent vacant as of the second quarter of 2024. With a significant tapering of new supply, we expect the market for Class A industrial space to remain healthy heading into 2025 and beyond,” said George Farish of Trammell Crow. “Blue Ridge will feature modern logistics and manufacturing spaces that are highly sought after. Blue Ridge will be an incredibly attractive development for any user that wants to enter or expand their footprint in Houston.”

Blue Ridge will feature five industrial buildings available for sale or lease:

Building 1: 257,001-SF cross-dock facility with a 36’ clear height
Building 2: 157,626-SF front-load facility with a 32’ clear height
Building 3: 153,928-SF rear-load facility with a 28’ clear height
Building 4: 351,055-SF cross-dock facility with a 36’ clear height
Building 5: 431,017-SF cross-dock facility with a 36-clear height.

The CBRE team of Cape Bell, Jason Dillee, and Kayla Ripple is marketing the project.

Trammell Crow is pursuing LEED certification for all five buildings in the park. In addition, Building 2 will feature roof-mounted solar panels that will support business resilience and reduce operating costs for the building’s occupiers.

The industrial park will be served by newly constructed public infrastructure including new public roads, a new traffic signal on McHard Road, new underground utilities, a new regional storm water detention pond, and new public sidewalks.

Seeberger Architecture is serving as the project’s architect, and BGE is serving as the project’s civil engineer. E.E. Reed Construction is the general contractor for all buildings, and Linco Construction Co. is the general contractor for public infrastructure improvements.

Sumitomo Mitsui Banking Corporation is providing project financing.

Trammell Crow’s partner in the project, Daiwa House Group, is a Global Fortune 500 company and real estate conglomerate headquartered in Osaka, Japan.

its wholly owned subsidiary, Daiwa House Texas, founded in 2011, Daiwa House Texas has developed single and multifamily properties in major metropolitan areas across the United States. With the launch of Blue Ridge Commerce Center, Daiwa House Group plans build on its long track record of success in the Asian logistics and data center sectors where Daiwa House has developed 400 buildings exceeding 150 million SF.

Trammell Crow Company is a global commercial real estate developer and wholly-owned subsidiary of Dallas-based CBRE Group. Founded in 1948, Trammell Crow has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million SF.

As of June 30, 2024, Trammell Crow had $18.8 billion of projects in process and $13.1 billion in the pipeline.

Photo courtesy Trammell Crow

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