March 29, 2018
Houston – Ridge, the industrial development arm of Transwestern Development Co., today announces it has acquired 29 acres at the corner of Beltway 8 and Highway 90 in southwest Houston. It plans to break ground in May 2018 on a 477,355-square-foot speculative industrial project, with expected delivery in early 2019. Transwestern is leasing the project.
“We are excited to move forward with Southwest Commerce Center and provide high-quality space to an underserved area of Houston that is rapidly expanding,” said Ben Newell, Senior Vice President at Ridge. “Future tenants will benefit from immediate access to Beltway 8 and exceptional municipal partners, Missouri City and Fort Bend County.”
Located at 611 S. Cravens Road in Missouri City, the cross-dock project will have a 32-foot clear height, 129 dock doors, 58 trailer parking spaces and 275 car parking spaces. With immediate access to Beltway 8 and Highway 90, Southwest Commerce Center is within 16 miles of Houston’s most populated areas, including the Galleria, Texas Medical Center and downtown. Situated between George Bush Intercontinental Airport and the Port of Houston, the site is ideal for regional users.
The site is near major logistics and retail tenants, including FedEx’s new 300,000-square-foot facility and Best Buy’s recently announced 550,000-square-foot logistics facility. Additional notable tenants in the area include Allied Fitting, American Tire, Bella Fresh, Ben E. Keith, Bimbo Bakeries, CME Wire & Cable, Lufkin Automation, Maintenance Supply, Men’s Warehouse, Niagara Water and Red Wing Shoes.
“Strategically located along Beltway 8, Southwest Commerce Center is a state-of-the-art distribution building ideal for large regional users,” said Darryl Noon, Senior Vice President at Transwestern. “Houston’s industrial market remains one of the healthiest in the country, fueled by strong population growth and increased port activity.”
Ridge, the industrial arm of Transwestern Development Co., is a leading provider of corporate real estate development and investment in state-of-the-art warehouse, distribution and manufacturing facilities throughout North America. Ridge’s principals have been involved in the development, construction, ownership and management of more than 125 million square feet of institutional-quality real estate and have an average 25 years of experience in the real estate industry. Ridge is based in Chicago, with regional offices across the U.S. in Atlanta, Dallas, Los Angeles, Houston and Harrisburg, Pennsylvania.
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Houston office, follow @TranswesternHOU.