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5/01/15
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Hines has acquired approximately 75 acres of land in southwest Houston on which they intend to develop Beltway Southwest Business Park, a Class A, master-planned business park capable of accommodating approximately 950k sf of light manufacturing and distribution space. The site is located at the northeast corner of Beltway 8 and Fort Bend Toll Rd.
The development of Phase I, which will consist of more than 350k sf, is underway with construction set to begin in July of 2015. Phase I will include a 240k sf cross-dock building featuring 32' clear height and 52' by 47' column spacing as well as a 110k sf rear-load building featuring 28' clear height and 52' by 45' column spacing.
Designed by Architects Plus, the buildings will feature a sleek, distinctive design while also providing tenants with functional and efficient floor space, all within a controlled business park setting.
"Beltway Southwest Business Park is a natural progression for our team, and builds on the success we have experienced with Pinto Business Park in north Houston," said Hines Director Charlie Meyer. "Many of the tenants we have done business with in north Houston have additional locations or have expressed a desire to have another location in the southwest part of town. We feel that our reputation for providing highly functional, architecturally distinctive and flexible buildings at extremely competitive rates fills a void within the submarket, and we feel fortunate to control a large, well-located land site in a submarket that is known for its high barriers to entry."
Beltway Southwest Business Park provides prominent visibility and convenient access to major highways for all distribution needs. Jim Foreman, Beau Kaleel and Allison Hall of Cushman & Wakefield of Texas, Inc are handling leasing for the development. Delivery is scheduled or the first quarter of 2016 with tenant spaces ranging from 20k sf to 240k sf, with additional land to accommodate build-to-suits and end users.
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