HOUSTON – (Realty News Report) – Triten Real Estate Partners is developing the Fairbanks Northwest Distribution Center in Northwest Houston.
The two-building project will have a total of 357,570-SF at 7810 Fairbanks North Houston Road.
“These two bulk distribution facilities are strategically located in the most dynamic submarket in Houston,” says Will Hedges, managing partner at Triten Real Estate Partners. “Fairbanks Northwest Distribution Center will cater to the deepest part of the tenant base by providing ideal modern features for tenants ranging from 50,000 to 200,000 SF.”
Jim Foreman and Allison Bergman of Cushman & Wakefield are representing Triten Real Estate Partners in oversight of leasing efforts.
“Triten is planning a new industrial development in an infill location to meet the increased demand for dock-high distribution space in a tight warehouse market in Houston,” said Foreman. “The buildings are designed for one or two tenants and can accommodate heavy car parking and fulfill the rapidly growing increase in need for trailer parking as well.”
Industrial construction has been heavy in Houston and new space is being absorbed.
In the first quarter, Houston market’s overall industrial vacancy rate fell to 7.3 percent, a 110-basis point decrease compared to 8.4 percent in the previous quarter, Cushman & Wakefield reports.
Triten’s new project is north of Highway 290 and east of Beltway 8 development is north of Highway 290 and east of Beltway 8.
The distribution center is being constructed in what could be considered by some to be an infill site in the massive northwest industrial market which has spread westward into Waller County. Hines recently acquired 78 acres for a 1.3 million SF industrial development in David Wolff’s Beacon Hill development in Waller.
Mr. Wolff, who has developed many business parks, is known as the “Father of the Energy Corridor” because of his formidable skill in marketing land. He is credited with coining the “Energy Corridor” brand – a submarket name that is recognized around the world.Wolff, in prior interviews, told Realty News Report that Highway 290, a major roadway on the northwest side of Houston will be a significant growth corridor in the coming years.
Avera and other industrial developers are building new projects in the northwest.Avera acquired 68 acres along Highway 290 at Kermier Road in the Northwest Houston market where it will build up to 1.3 million SF of industrial space near the massive Daikin HVAC factory. Houston-based Avera will call the new project “290 Grand Logistics.”
Daikin’s HVAC plant, named Texas Technology Park, is one of the largest manufacturing facilities in North America, according to Construction Dive. The 4 million-SF Daikin factory is the largest tilt-wall building in the world, according to the Tilt-Up Concrete Association.
April 28, 2022 Realty News Report Copyright 2022
Image: Courtesy Cushman & Wakefield
File: Triten Starts Houston Project
File: (2) Highway 290. Industrial. Distribution. Northwest Houston. Triten Real Estate Partners. Cushman & Wakefield. Jim Foreman and Allison Bergman. Triten Starts Houston Project. Avera. Hines. Wolff. Waller. Beacon Hill.