HOUSTON – (Realty News Report) – Stream Realty Partners’ Houston office has broken ground on Empire West Business Park, a 300-acre industrial development located 30 miles west of Houston, in Brookshire.
Three speculative buildings, totaling 1 million SF, are under construction, in addition to the business park’s infrastructure and roads.
The Houston metropolitan area recently surpassed 7 million in population and e-commerce is expanding, said Justin Robinson, Partner with Stream Realty’s Houston office.
“This growth is leading to a large increase in rooftops in west Houston, which leads to strong consumptive-based demand, and this is what drives warehouse absorption in our market,” Robinson said.
The Empire West Business Park has 5,000 feet of Interstate 10 and Highway 90 frontage with a dedicated east/west exit to the site. The roadways open up convenient distribution reach to Austin, San Antonio and south/central Texas, and other parts of Houston.
The business park is near facilities operated by Amazon, Costco, Domino’s, Igloo and Medline and Rooms-to-Go.
In addition to the new spec building, Stream will provide opportunities for built-to-suit deals and the ability to sell land to corporate end users.
“Having our inventory of spec buildings and ‘shovel-ready’ land for build-to-suit projects puts us in a really unique position to capture market demand and deliver finished product extremely quickly,” said Matteson Hamilton, Managing Director and Partner with Stream’s Houston office. “Working with the business-friendly municipalities of City of Brookshire and Waller County has further energized our project and feels like a true partnership trying to land new companies and jobs in this area.”
The three speculative distribution buildings are slated to be complete in the spring of 2021.
Rosenberger Construction has been selected as the general contractor for Phase I and the architectural design was completed by Powers Brown Architecture. Engineering partners on the project include BGE Inc., LJB Inc. and Cope Engineering.
Stream said Empire West can offer prospective users economic incentives available via the City of Brookshire and Waller County, as well as expedited permitting schedules.
“The City of Brookshire is business friendly and ready to work with all potential businesses,” said Brookshire Mayor Darrell Branch.
Stream, a commercial real estate firm founded in 1996, has offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Greater Los Angeles, Houston, San Antonio, San Diego, and Washington, D.C.
June 30, 2020 Realty News Report Copyright 2020