Progress by Trammell Crow/Daiwa House JV: Spec Project

In Houston, Trammell Crow Company and joint venture partner Daiwa House Texas have started work on Phase II of Blue Ridge Commerce Center in Houston.

This latest phase of Blue Ridge, spanning 40.9 acres, is set to include three speculative buildings totaling 687,338 SF. Phase II is scheduled for a Spring 2027 delivery.

Daiwa House Also Active in U.S. Homebuilding

Daiwa House, based in Osaka, Japan, has been active in the United States, making significant acquisitions in home building and large-scale planned community development. In 2021, Daiwa House purchased an 80 percent stake in Houston-based Castle Rock Communities, which was one of the largest home builders in Texas. Florida-based Avex Homes was also purchased by Daiwa House.

Phase II of Blue Ridge

Located at the northeast corner of Fort Bend Parkway and McHard Road in Fort Bend County, approximately two miles south of Beltway 8, Phase II of Blue Ridge is set to feature three industrial buildings available for lease or sale: Building 6: 182,908-SF cross-dock building with a 32-foot clear height Building 7: 303,808-SF front-load building with a 36-foot clear height Building 8: 200,622-SF rear-load building with a 32-foot clear height.

The work start of Phase II at Blue Ridge comes less than a year after Phase I was delivered last fall. Located on the west side of Fort Bend Parkway, Phase I includes five buildings totaling 1,350,559 SF. Since its delivery, three of the buildings have been sold to owner-occupants, while another was fully leased. Building 2, a 157,626 SF front-load building, remains available.

“Phase I of Blue Ridge has been a tremendous success, and we’re excited to break ground on the second phase of this Class A+ project to serve Houston’s rapidly growing southwest industrial submarket,” said George Farish, a principal with TCC. “We’re grateful for our continued partnership with Daiwa House and the rest of our outstanding project team.”

Seeberger Architecture designed Blue Ridge Commerce Center Phase II, while BGE serves as the project’s civil engineer. E.E. Reed Construction is the general contractor for all Phase II buildings, while Linco Construction Co. is the general contractor for public infrastructure improvements.

Sumitomo Mitsui Banking Corporation provided project financing.

Cape Bell and Jason Dillee of CBRE are marketing and leasing both phases of the project.

Plus, Trammell Crow’s Spaceport Project

In July, Trammell Crow reported a new 1 million SF industrial park for a key intersection near Houston Spaceport/Ellington Field in southeast Houston.

A joint venture of Trammell Crow Co. and CBRE Investment Management reported the ground breaking on the initial phase of Gulfbelt Logistics Park, a six-building development at the northeast corner of Beltway 8 and the Gulf Freeway. The planned buildings total 943,887 SF.