Transwestern JV to Develop 750 KSF Houston Facility
Construction costs may clock in at $37.2 million.
A joint venture between Transwestern Investments and Hanover Co. will develop a 749,016-square-foot industrial facility in Houston. A Texas Department of Licensing and Regulation filing estimates construction costs at $37.2 million.
Powers Brown Architecture provides design services. The team expects to break ground next January and bring the building online in December 2027.
The large box warehouse is slated for a cross-dock configuration, featuring a clear height of 40 feet, 106 dock doors, 130- to 185-foot truck courts, as well as parking arrangements for 140 trailers and 429 cars.
Setting the project into motion required reaching deals with more than 40 individual land sellers, according to prepared remarks by Hanover Co. President David Hudson.
READ ALSO: Largest Commercial Real Estate Owners
Located at the intersection of Interstate 69 and Rankin Road, the construction site is more than 3 miles from George Bush Intercontinental Airport. Thoroughfares such as Beltway 8 and Interstate 45 run within 9 miles.
The airport submarket is in high demand on account of its access to the market’s major transportation corridors. Near Transwestern and Hanover’s site, Junction Commercial Real Estate and Provident Realty Advisors are constructing a four-building, 740,404-square-foot project set to debut by year’s end. Also close, Quannah Partners already delivered the 152,000-square-foot Rankin 59 Logistics Park.
Industrial cycles toward big box product
Houston’s industrial pipeline held 18 million square feet of product halfway through 2026, according to a CBRE report. The figure shrank by 2 million square feet compared to the March reading.
The receding supply wave paves the way for bulk logistics’ rise as occupier needs continue evolving toward this type of product, according to Affinius Capital Head of Research Mark Fitzgerald. Demand grows as retailers, manufacturers and 3PL providers consolidate operations into fewer, but larger facilities.
One project that reflects this ongoing trend is Grainger’s 1.2 million-square-foot warehouse, developed on a build-to-suit basis by Hines to enhance the broadline distributor’s network operations. The facility came online in the second quarter.
You must be logged in to post a comment.