HOUSTON – (Realty News Report) – Ridge, the industrial development arm of Transwestern Development Co., has acquired 29 acres at the corner of Beltway 8 and Highway 90 in southwest Houston for a major industrial development.
Ridge plans to break ground in May on a 477,355-SF speculative industrial project, with expected delivery in early 2019. Transwestern is leasing the project.
“We are excited to move forward with Southwest Commerce Center and provide high-quality space to an underserved area of Houston that is rapidly expanding,” said Ben Newell, Senior Vice President at Ridge. “Future tenants will benefit from immediate access to Beltway 8 and exceptional municipal partners, Missouri City and Fort Bend County.
Located at 611 S. Cravens Road in Missouri City, the cross-dock project will have a 32-foot clear height, 129 dock doors, 58 trailer parking spaces and 275 car parking spaces.
The Beltway 8/Highway 90 area has been a hotbed of new warehouse development in the last two or three years, with major players including Trammell Crow and Hines creating new business parks and industrial buildings.
With immediate access to Beltway 8 and Highway 90, Southwest Commerce Center is within 16 miles of Houston’s most populated areas, including the Galleria, Texas Medical Center and downtown.
The site is near major logistics and retail tenants, including FedEx’s new 300,000-SF facility and a 550,000-SF Best Buy logistics building, which is under construction. Additional notable tenants in the area include Allied Fitting, American Tire, Bella Fresh, Ben E. Keith, Bimbo Bakeries, CME Wire & Cable, Lufkin Automation, Maintenance Supply, Men’s Warehouse, Niagara Water and Red Wing Shoes.
“Strategically located along Beltway 8, Southwest Commerce Center is a state-of-the-art distribution building ideal for large regional users,” said Darryl Noon, Senior Vice President at Transwestern. “Houston’s industrial market remains one of the healthiest in the country, fueled by strong population growth and increased port activity.”
Ridge’s Southwest Commerce Center is within 16 miles of Houston’s most populated areas, including the Galleria, Texas Medical Center and downtown.
March 29, 2018 Realty News Report Copyright 2018