Hines Business Park in Houston: Amazon to Build an 855,000 SF Fulfillment Center

In Houston, Amazon will build an 855,000 SF fulfillment center in Hines’ Pinto Business Park at the southwest corner of Interstate 45 North and Beltway 8 in north Houston.

The Harris County commissioners voted Tuesday to provide Amazon with a tax abatement of $180,000 a year for 10 years, as an economic stimulus, as stated by the Houston Chronicle.

Amazon will spend $136 million to build the Houston facility, which will employ 1,000 people.

The 971-acre Pinto Business Park is being developed through a joint venture between Hines, Pinto Real Estate Development, Inc., and Kohlberg Kravis Roberts & Company, LP, and is the largest, fully entitled, contiguous tract of land located inside Beltway 8 and outside the 500-year floodplain. Pinto Real Estate Development is a wholly owned subsidiary of Cockrell Interests LLC.

When fully built out, the Pinto park represents an opportunity of 8,000,000 SF and a potential investment of more than $900 million.

Houston-based Hines, founded in 1957, has a presence in 182 cities in 20 countries.

June 29, 2016