BREAKING NEWS

A Rarity: New Office Building to be Built in Houston

Howard Hughes Buys Office Building in The Woodlands

Demand for Vacation Homes Nosedives

DC Partners Adds Kimpton Hotel to Fredericksburg Project

RNR Real Estate Briefs – Texas & more

Houston Design District Adds Modern Apartments

REALTY NEWS REPORT - Logo

Downtown Houston
RNR-RalphBivinsProject-Interviews
  • 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

Transwestern’s Ridge Development Enters Houston Industrial Market

by Realty News ReportJuly 7, 2015
Share0
Ben Newell will lead Ridge operations in Houston.
Ben Newell will lead Ridge operations in Houston.

HOUSTON – Ridge Development, the industrial development arm of Transwestern Development Co., has entered the Houston market where industrial vacancy is down and rents have increased sharply.

The Port of Houston, which is expected to experience growth as massive chemical plant expansions are completed and the Panama Canal is expanded, offers opportunities for industrial  development. The northwest Houston industrial market remains strong as well.

“We decided to create a full-time presence in Houston to meet pent-up demand for logistics solutions in the dynamic market,” said Jim Martell, president of Ridge Development. “We see a great amount of opportunity at the Port of Houston for Ridge and Transwestern Development.”

Ridge, as the industrial affiliate of Houston-based Transwestern Development has developed, constructed and managed more than $2 billion worth of industrial real estate across the U.S. over the past 20 years, specializing in logistics solutions near seaports, airports and inland ports.

Houston industrial vacancy fell to 4.3 percent in the first quarter of 2015, down from 5 percent less than a year ago, Transwestern reported.  Rents have increased sharply over the last year, rising to almost $6.50 per square foot.

Ridge has named Ben Newell as senior vice president of the firm’s southern region. An industrial real estate specialist working in Houston since 2007, Newell will lead local operations of Chicago-based Ridge, effective immediately.

In his new role, Newell will identify development projects in the greater Houston area, as well as value-add acquisition opportunities. He will oversee deals from start to finish by arranging equity and debt participation, securing investment committee approval, hiring contractors, managing project development, leasing space and overseeing the disposition process.

Newell joins Ridge from IDI Gazeley’s Houston office, which he established for the firm in 2009. During his tenure he was responsible for all aspects of industrial development, leasing and acquisitions; completing nearly $40 million in transactions and new developments worth approximately $95 million. Newell is a developer associate with the Society of Industrial and Office Realtors (SIOR), serves on the economic development committee for the Greenspoint District and earned a Bachelor of Business Administration degree in 2007 from Southern Methodist University.

Since becoming part of Transwestern Development in early 2014, Ridge has been able to capitalize on the in-depth expertise, relationships and market knowledge of the Transwestern family of companies. Ridge is currently developing RidgePort Logistics Center, a master-planned, 2,500-acre, rail-served industrial park located outside of Chicago. The firm also is developing a 1.7 million-square-foot build-to-suit for Michelin within RidgePort.

Share0
previous post
Q&A: Third Palm Capital’s Exclusive Interview with Realty News Report
next post
MetroNational Developing Office Project on North Side of Katy Freeway in Houston

Related posts

A Rarity: New Office Building to be Built in Houston

Realty News ReportMay 20, 2025

Howard Hughes Buys Office Building in The Woodlands

Realty News ReportMay 19, 2025

Demand for Vacation Homes Nosedives

Realty News ReportMay 19, 2025

Leave a Comment Cancel Reply

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

Search News

CommGate
new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
RNR Ad 030124
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
230725-RNR_Digital-Ad_Red
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