Trammell Crow adds massive industrial complex to Fort Bend County
Dallas-based firm has multiple industrial developments underway in Houston
Trammell Crow Company is brining another set of warehouses to Houston’s booming industrial market.
The Dallas-based firm filed plans to build a five-building, 1.35 million-square-foot industrial complex at 4141 McHard Road, near the Fort Bend County line.
The buildings range from 153,000 square feet to 431,000 square feet, and the project is estimated to cost $66 million, or about $49 per square foot.
The development site is 2 miles south of the Beltway Business Park.
Local firm Seeberger Architecture is attached to the project. Construction is expected to begin this summer, with an estimated completion date of March 2025.
Trammell Crow didn’t immediately respond to a request for comment.
Trammell Crow, which is owned by CBRE, has been busy in Houston’s industrial market, as it continues to entrench itself in the Bayou City. In October, the commercial real estate developer completed a 522,000-square-foot industrial facility, the second phase of Weiser Business Park, in a joint venture with Clarion Partners.
The firm is planning the first phase of a logistics center at 12524 Conklin Lane near Gulf Freeway, set to start construction in the fall. And it started construction in November on a 725,000-square-foot warehouse, at 15600 Carpenters Logistics Drive in Channelview, near the Port of Houston.
Houston’s industrial market logged impressive numbers in 2023, including record-setting deliveries, according to JLL. Deliveries approached 36 million square feet, with leasing activity and net absorption achieving their third-highest annual totals.
Construction activity declined sharply last year, dropping 50 percent between the first and fourth quarters, ending the year at 15 million square feet. This year is expected to see fewer additions to the supply.
Vacancy increased to nearly 8 percent in the fourth quarter, but projections indicate a leveling off and potential reversal by midyear.