Coonrod Firm Starts Spec Project, Market briefs

In Houston, PAGEWOOD, a Houston-based commercial real estate firm, is starting construction this month on Mosielee Commerce Park, a class A industrial speculative development on a desirable property located in northwest Houston near Highway 249.

Situated inside of Beltway 8, Mosielee Commerce Park is comprised of two buildings totaling 429,698 SF.

“We’ve had great success with industrial developments in northwest Houston including our recent build, lease-up, and sale of The Great 290,” said Paul Coonrod, Founder and Managing Principal at PAGEWOOD. “We’re thrilled to acquire this parcel of land, and we look forward to kicking-off construction this month on our ground-up, industrial development and delivering a cutting-edge facility.”

The 32-acre land parcel is located off the Tomball Parkway at Mosilee Street, east of Antoine Drive. Six points of ingress and egress were designed throughout the site allowing easy circulation around the warehouse for ideal logistics access.

Located at 12020 State Highway 249, the first of two buildings is a cross-dock configuration totaling 274,766 SF with access from Old Foltin Road. The second building, adjacent to Highway 249, is front-load configured and totals 154,932 SF. Designed by architect, Powers Brown Architecture, in collaboration with PAGEWOOD’s team, the buildings are characterized by contemporary materials and lines paired with wood accents to punctuate entrances

“We continue to see strong demand for industrial class A warehouse space in the range of 50,000 to 300,000 sq ft within Beltway 8,” said Mat Volz, Managing Principal of PAGEWOOD. “With our Lighthouse proprietary technology, we continually assess viable areas for more development and are confident Mosielee Commerce Park will deliver in-demand industrial space positioned at a highly accessible corridor.”

David Buescher and Geoff Perrott with JLL are leasing Mosielee Commerce Park.

Nathan Wynne, Brock Hudson and John Fenoglio with CBRE helped secure financing. Fenoglio is a veteran in Houston’s commercial real estate sector. In 1982, Fenoglio co-founded Holliday Fenoglio and continued as CEO of Holliday Fenoglio Fowler, until his retirement from the firm in 1998. Under his direction, Holliday Fenoglio Fowler became the largest commercial mortgage banking firm in the United States with 25 offices nationwide.