Urban Logistics Realty Plans 2 Houston Industrial Projects
The developments will total more than 340,000 square feet.
Urban Logistics Realty has acquired two sites in North Houston where it plans to develop new industrial buildings, Urban NXS Fallbrook and Urban NXS West, as part of a joint venture with Principal Asset Management.
Both projects are scheduled to break ground this summer and deliver in the second quarter of 2027.
The Aldine Independent School District sold the properties, a ULR spokesperson told Commercial Property Executive. The two infill sites are about 1.4 miles apart and are located near the southwest corner of Interstate 45 North and Beltway 8.
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Urban NXS Fallbrook will be a 182,400-square-foot cross-dock industrial building adjacent to Veterans Memorial Drive, providing easy access to Beltway 8. Urban NXS West will be a 158,600-square-foot front-load industrial building within a mile of Beltway 8 and Interstate 45 on the corner of West Road and Ella Boulevard.
Each development will feature four points of ingress and egress, trailer and employee parking, speculative office space and 32-foot clear heights. Both will also target LEED certification.
ULR has not disclosed dollar amounts for the land acquisitions or the overall project investment.
First United Bank & Trust is providing the construction financing, and additional project partners include KBC Advisors as the leasing agent, Powers Brown Architecture and Langan Engineering.
Houston’s industrial market hangs on
Houston’s industrial space market got off to a good start this year on both sides of the ledger, with 3.2 million square feet of net absorption and 7.5 million square feet of new deliveries, 21 percent of which are preleased, according to a first-quarter report from CBRE.
The North Houston submarket saw nearly 1.6 million square feet of new space and almost 1.7 million square feet of leasing activity, against an inventory of 113 million square feet.
In May 2025, ULR broke ground on The Brickyard, a 542,851-square-foot, three-building speculative business park in Northwest Houston. That project is also an infill development and a joint venture between ULR and Principal Asset Management, with construction funding by First United Bank & Trust.
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