February 13, 2019
Transwestern Development Co. and institutional investors advised by J.P. Morgan Asset Management acquired a 60-acre infill site in northwest Houston. The acreage will be used for Sam Houston Distribution Center, a speculative three-building project totaling 833,720 square feet. The development, near the Sam Houston Race Park in northwest Houston, will also have additional land for trailer storage or a build-to-suit project.
The first phase is scheduled to break ground in spring 2019, and will include 200,200-square-foot and 138,720-square-foot front-load facilities with a 32-foot clear height, and a 494,800-square-foot, cross-dock facility with a 36-foot clear height.
“The strategic geographic location, high barriers to entry, and exceptional transportation networks keep tenants flocking to Northwest Houston,” said TDC’s Ben Newell. “Sam Houston Distribution Center is well-positioned to capitalize on the existing momentum in the area, a less cumbersome permitting process, and lower taxes.”
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