{"id":1004703871,"date":"2024-02-28T02:32:28","date_gmt":"2024-02-28T10:32:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004703871"},"modified":"2024-02-28T04:52:20","modified_gmt":"2024-02-28T12:52:20","slug":"lovett-pccp-break-ground-on-houston-area-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lovett-pccp-break-ground-on-houston-area-industrial-park\/","title":{"rendered":"Lovett, PCCP Break Ground on Houston-Area Industrial Park"},"content":{"rendered":"\n<p><strong>Lovett Industrial<\/strong>, in partnership with <strong>PCCP<\/strong> <strong>LLC<\/strong>, has broken ground on Stafford Logistics Park, a 785,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">industrial park<\/a> in Stafford, Texas.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a3a0282e92d9&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004703876\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lovett-pccp-break-ground-on-houston-area-industrial-park\/stafford-crossdock-draft-renering-051722-klimas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Stafford-Crossdock-draft-renering-051722-Klimas-e1709046992802.jpg\" data-orig-size=\"2570,1930\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Stafford Crossdock draft renering-051722 (Klimas)\" data-image-description=\"&lt;p&gt;Stafford Logistics Park. Image courtesy of JLL&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Stafford Logistics Park. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Stafford-Crossdock-draft-renering-051722-Klimas-e1709046992802.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"164\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/Stafford-Crossdock-draft-renering-051722-Klimas-e1709046992802.jpg?w=300\" alt=\"Stafford Logistics Park\" class=\"wp-image-1004703876\" style=\"width:304px;height:auto\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Stafford Logistics Park will take shape on some 38 acres. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>MORE Architecture <\/strong>serves as main architect for the project, while <strong>Burton Construction<\/strong> is the general contractor and <strong>ALJ Lindsay<\/strong> the civil engineer. The development cost of the two buildings is estimated at $30 million, as reported by <em>The Real Deal<\/em>. <strong>Simmons Bank<\/strong> provided construction financing. <\/p>\n\n\n\n<p><strong>JLL<\/strong>\u2019s Executive Vice President Jarret Venghaus and Senior Vice President Jordan Raney will handle the marketing and leasing efforts for the speculative warehouses. The future tenants of Stafford Logistics Park will benefit from triple freeport tax exemptions and no property taxes under the City of Stafford, according to JLL.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-sector-set-for-2024-transformation\/\">Industrial Sector Set for 2024 Transformation<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Stafford Logistics Park will comprise two Class A industrial buildings\u2014a 520,000-square-foot cross-dock warehouse and a 265,000-square-foot front-load facility. The buildings are set to feature 36- and 32-foot clear heights, 90 trailer stalls, 190 trailer parking spaces and 380 auto parking spaces.<\/p>\n\n\n\n<p>The property will take shape on some 38 acres in the Greater Southwest Houston submarket, at 13650 Pike Road. The development\u2019s location near Route 90 and Interstate 69 provides easy access across the Houston metropolitan area.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-southwestern-industrial-markets-take-the-lead\">Southwestern industrial markets take the lead<\/h2>\n\n\n\n<p>Stafford Logistics Park marks the company\u2019s ninth industrial development in Greater Houston. Benefiting from its strategic Gulf Coast location, Houston <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries-in-h1-2023\/\">ranked second for industrial deliveries<\/a> in the first half of 2023, according to CommercialEdge research. <\/p>\n\n\n\n<p>The metro added 11.3 million square feet of industrial space in the first six months of last year, which accounted for 4.3 percent of total stock. As of January this year, Houston had 9.5 million square feet underway, the same source shows.<\/p>\n\n\n\n<p>Lovett developed the largest industrial property that came online in Greater Houston in 2023\u2014a 908,853-square-foot asset within the Interchange 249 industrial park in Tomball, Texas.<\/p>\n\n\n\n<p>Dallas-Fort Worth ranked first on the same list. The metro had 69 properties come online in 2023&#8217;s first half, adding 29.3 million square feet to its inventory. At the end of last year, Lovett&nbsp;and&nbsp;Rosewood Property Co. acquired a 12.2-acre site for the development of&nbsp;a <a href=\"https:\/\/www.commercialsearch.com\/news\/lovett-rosewood-to-develop-dfw-industrial-complex\/\">two-building industrial facility<\/a> in Addison, Texas, a Dallas suburb.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL will handle leasing efforts at the 785,000-square-foot property.<\/p>\n","protected":false},"author":3014,"featured_media":1004703876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1589,21748,21742,51973],"tags":[33711,32796,51738,33053],"class_list":["post-1004703871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-houston","category-industrial","category-latest","category-southwest","tag-burton-construction","tag-jll","tag-lovett-industrial","tag-pccp-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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