HOUSTON – (Realty News Report) – Trammell Crow Company and joint-venture partner Clarion Partners LLC have begun construction on a 255,704-square-foot industrial building in northwest Houston, named Seton Lake Logistics Center.
The project site is located on Highway 249 at Seton Lake Drive, one mile south of the Beltway 8/Highway 249 interchange, in the core of Houston’s Northwest submarket. Construction is scheduled for completion in October 2021.
Designed by Powers Brown Architecture, the Class A cross-dock facility will sit on 16.8 acres and feature a 32-foot clear height, 52-foot column spacing, a 420-foot building depth, 36 trailer parking spaces, and an ESFR sprinkler system. This speculative development is aimed at medium-to-large distribution, fulfillment, e-commerce and light industrial users seeking space in the Houston region.
“With the recent surge of leasing activity at our Fallbrook Pines Business Park and the scarcity of large blocks of available space in the area, we felt the timing was right to move forward with another speculative project in Houston’s Northwest submarket,” said J.W. Fields, Vice President with Trammell Crow Company Houston. “Because of the site’s infill location and fast access to Beltway 8, we believe Seton Lake Logistics Center will be an attractive option for tenants looking to distribute goods throughout Greater Houston.”
Rosenberger Construction has been selected as the general contractor for the project.
Faron Wiley and Joseph Smith, both Senior Vice Presidents with CBRE’s Houston office, have been appointed as the leasing agents.
The rapid adoption of e-commerce, accelerated by the COVID-19 pandemic, continues to drive strong growth in the industrial real estate sector.
Industry projections indicate e-commerce sales could reach $1.5 trillion by 2025, which would create demand for roughly an additional 1 billion square feet of industrial space nationwide.
Earlier this week, Amazon announced it is developing four additional last-mile delivery stations in the Houston area—totaling about 860,000 square feet—with completion targeted for 2021. Those facilities are in addition to two large-scale Amazon distribution centers, each roughly 1 million square feet, that are already under construction.
March 25, 2021 Realty News Report. Copyright 2021.
File: Trammell Crow Starts Spec Project in Houston
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