June 23, 2020
Archway Properties is breaking ground on a 28,222-square-foot turnkey build-to-suit for TEAM Inc. at Leeco Industrial Park in Odessa. The tenant is an integrated, digitally-enabled asset performance assurance and optimization solutions company seeking to establish a brick-and-mortar presence in the Permian Basin.
The Houston-based developer and TEAM have signed a long-term lease for the project, which will deliver in early December. The Odessa facility will feature a 7,000-square-foot office for the firm’s engineers and technicians, plus 21,222 square feet of warehouse and light manufacturing space.
“TEAM needed a facility in the Midland-Odessa area to service its pipeline integrity and maintenance customer base in the Permian Basin,” says Ben Allen, an Archway Properties partner.
Archway Properties has allowed for future expansion when the tenant is ready. The single-story office/warehouse and storage yard will encompass 3.5 of the available 5.2 acres, building in room to grow as needed.
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