Market briefs
Brookshire: Tesla Megafactory Sold
In Brookshire, Texas, Stream Realty Partners reported the sale of two more buildings at its 10-building Empire West industrial development in Brookshire west of Houston.
Buildings 9 and 10, totaling nearly 1.7 million SF near Woods Road and Interstate 10, are 100% leased to Tesla under a long-term agreement. Tesla is establishing a Megafactory to manufacture batteries for large-scale energy storage at the campus.
BGO, on behalf of an institutional investor, purchased the buildings from Stream. BGO is a global investment management and advisory firm with $90.4 billion in assets under management.
“Empire West has become Houston’s premier industrial project, as evidenced by the depth of investor interest and the caliber of users on campus,” said Justin Robinson, Executive Managing Director & Partner within Stream’s Industrial Development Services group. “This portfolio combines scale, heavy power availability, and cutting-edge design, positioning the project for long-term outperformance.”
Stream purchased 300 acres of land just west of Amazon for Empire West in 2019. Developed and delivered by Stream between 2021 and 2025, the fully-leased business park contains 10 buildings totaling nearly 4 million SF. In addition to Tesla, tenants at Empire West include H-E-B, Ferguson Enterprises, Professional Packaging, and others. Empire West has nearly a mile of frontage along Interstate 10.
BGO’s investment follows another recent sale at Empire West. NorthPoint Development, a privately held real estate firm based in Kansas City, Mo., purchased 1 million SF across Empire West Buildings 1, 3, and 8, plus a 16.6-acre outdoor storage yard.
Stream Capital Markets’ team led by Seth Koschak and Matteson Hamilton worked with Eastdil Secured on both transactions.
