STAFFORD – (Realty News Report) – The 34-acre Weatherford Farms nursery in Stafford has been sold to Crow Holdings, which plans to construct a large warehouse distribution facility there.
“Weatherford Farms is blessed to have been a part of the Stafford community for more than 50 years,” said Jack Weatherford. “The property’s location is great for the developing plans and we can’t wait to see what is in store. Thank you to the Colliers team for helping us through the selling process.”
Stafford is a municipality located on the southwest side of Houston. The Weatherford Farms property is located at 13223 Murphy Road, near Mula Road
Crow Holdings Industrial plans to build a 568,084 square foot, three building industrial development on the site. Weatherford Farms features extensive road frontage along both FM 1092 and Mula Road and will provide an excellent location for industrial distribution or flex space. The project is planned to be delivered Fall 2021.
Stafford – The City Without Property Taxes
“Stafford’s strategic location and advantageous tax structure along with their pro-business approach create a strong driver for business. The Weatherford Farms site being centrally located along FM 1092 between Highway 59 and Highway 90 provides great connectivity to major population and business centers as well as high visibility along a major thoroughfare,” said Managing Director of Crow Holdings, Cory Driskill.
In the sale, Crow Holdings Industrial was represented by Cory Driskill and Travis Covington of Crow Holdings Industrial.
The Southwest Corridor industrial market recorded 671,700 SF of positive net absorption during the first half of 2020 and is 92.4 percent occupied, Colliers reported. The average quoted rental rate rose over the quarter from $8.48 per SF to $9.39 per SF. Approximately 3,655,000 SF of industrial space was under construction at the close of the second quarter of 2020 in the Southwest Corridor, Colliers said.
Oct. 12. 2020 Realty News Report Copyright 2020
File: Weatherford Farms Nursery Sold