Trammell Crow JV Delivers 1.4 MSF Houston Industrial Park

A joint venture between Trammell Crow Co. and Daiwa House Texas has brought online Blue Ridge Commerce Center, a nearly 1.4 million-square-foot industrial park encompassing five facilities in Houston.

The crew broke ground in August 2024, marking the Japan-based Daiwa subsidiary’s first foray into the U.S. industrial market. Sumitomo Mitsui Banking Corp. issued the construction financing.

E.E. Reed Construction and Linco Construction Co. served as the general contractors for the buildings and public infrastructure, respectively. Seeberger Architecture designed the campus, while BGE led the civil engineering efforts. CBRE is marketing and leasing the industrial park.

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Blue Ridge’s buildings range between 153,928 and 430,988 square feet with clear heights from 28 to 36 feet. The park features a total of 314 dock and 16 drive-in doors, as well as 854 car and 196 trailer parking spots.

In line with green building trends, the owners are pursuing LEED certification for all five facilities. One of the warehouses also features roof-mounted solar panels, while the campus’ parking arrangements include EV-ready stalls.

Located on 92 acres at the northwest corner of Fort Bend Parkway and McHard Road, Blue Ridge is about 19 miles southwest of downtown Houston. Interstate 610 runs within roughly 15 miles, while the city’s port authority and the William P. Hobby Airport operate about 23 and 18 miles away, respectively.

Trammell Crow has developed or acquired 3,000 buildings valued at $90 billion since its inception in 1948. At the end of March, it had $18.3 billion of projects in process and $12.8 billion in its pipeline. The company’s industrial footprint in Greater Houston encompassed nearly 5.1 million square feet, according to Yardi Research Data.

Houston’s outsized industrial pipeline

Metro Houston’s average industrial rent grew 4.8 percent year-over-year, settling at $7.16 in July, below the U.S. average of $8.63, according to the latest Yardi Matrix report. However, the market’s vacancy clocked in at 6.9 percent in July, 220 basis points below the national average.

Greater Houston’s industrial pipeline encompassed 16.5 million square feet in July, just below Phoenix (17 million square feet) and Dallas (30.6 million square feet), the report shows. The metro’s underway industrial space accounted for 2.5 percent of stock, above the U.S. average of 1.7 percent. Industrial deliveries were consistent, reaching 8.1 million square feet during the first half of 2025, in line with the 8.4 million square feet registered during the same period in 2024, Yardi Research Data shows.

BCS further expanded the market’s under-construction product by breaking ground on a 438,960-square-foot development in Baytown, Texas, last month. The project will deliver nine shallow bay industrial warehouses.