HOUSTON – (Realty News Report) – Stream Realty Partners is preparing to break ground on six new buildings totaling 2,318,305 square feet at Empire West Business Park, a 300‑acre industrial development located west of Houston in the Brookshire area.
This move follows rapid success with Phase I of the project, a 1 million‑square‑foot initial build that broke ground in June 2020 and is now fully leased.
“Leasing demand for our first phase was extraordinary, and the results speak for themselves,” said Matteson Hamilton, Managing Director and Partner at Stream. “Given strong market fundamentals and current user demand, we are expanding significantly with Phase II, offering flexible, modern facilities to accommodate users of all sizes. Waller County and the City of Brookshire have been excellent partners, and we look forward to another successful phase at Empire West.”
Stream representatives Justin Robinson, Matteson Hamilton and Jeremy Lumbreras, Senior Vice President, handled transactions for Stream Realty Partners and lead the leasing and marketing efforts at the development.
Empire West sits in the rapidly growing West Houston industrial submarket, which hosts many of Houston’s largest, most sophisticated distribution operators. In recent years, firms have migrated to West Houston to support distribution not only for greater Houston but also for nearby regional markets including San Antonio, Austin and the Rio Grande Valley.
“As tenants’ space requirements increase and consumer demand for faster delivery grows, larger distributors are expanding in the Houston market where proximity to local rooftops is critical due to consumption patterns,” Lumbreras said. “Empire West’s strategic location supports those local needs while providing regional access to more than 16 million people within a five‑hour drive.”
The business park is adjacent to facilities operated by Amazon, Costco, Domino’s, Igloo, Medline and Rooms‑to‑Go. Empire West Business Park features 5,000 feet of frontage along Interstate 10 and Highway 90, with a dedicated east/west exit to the site.
Stream broke ground on the 300‑acre Empire West development in June 2020 and delivered three buildings in April of this year. Building 1 is 163,144 square feet and is occupied by Warefor Solutions LLC, a company providing integrated product development, manufacturing, logistics, sales, marketing, warehousing and fulfillment services for home products. Building 2 is 122,138 square feet and was purchased by Winix America Inc., a manufacturer of air purifiers and healthy home appliances. Building 3 is 750,775 square feet and is occupied by Ferguson Enterprises, the largest U.S. distributor of plumbing supplies, PVF, waterworks and fire and fabrication products.
“Empire West exemplifies Stream’s entrepreneurial platform,” said Justin Robinson, Managing Director and Partner at Stream. “Our team has executed across land development, vertical construction, leasing and property management. The market has validated Empire West’s thoughtful design, strategic I‑10 frontage and business‑friendly location in Brookshire. We’re excited to move quickly into the second phase.”
Phase II will add six buildings totaling 2,318,305 square feet. The design mirrors Phase I but on a larger scale, with building sizes ranging from approximately 124,000 square feet up to more than one million square feet. Once Phase II is complete, about 45 acres will remain available on site for future development.
The Empire West project is overseen by Stream’s Investment Management Platform, which draws on expertise from the firm’s 13 local offices to make investment decisions based on real‑time supply and demand fundamentals. Stream actively manages three discretionary commingled funds, several joint ventures and wholly owned assets comprising 33 investments, totaling 14.7 million square feet and roughly $2 billion in assets under management.
July 16, 2021 Realty News Report Copyright 2021
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