Houston, the second largest industrial construction market in the U.S. Southwest, is getting yet more warehouse space courtesy of Dallas-based Stream Realty Partners.
Because of the logistical logjams plaguing California’s ports, the Houston industrial market, along with its port, are attracting investments from speculators and established players to industrial specialists and first-timers.
After just completing Phase 2 of its Empire West complex — six buildings totaling 2.3 million square feet — Steam Realty is moving on to Phase 3, The Real Deal has learned.
Phase 3 will have two warehouses, dubbed buildings 10 and 11, which will round out the 300-acre development.
Located 30 miles west of Houston in Brookshire, Empire West is one of Greater Houston’s largest and most prominent industrial warehouse developments. Amazon, Costco, Igloo, Medline, and Rooms To Go are among the businesses with significant operations close to Empire West.
The developer’s Houston office has already constructed the building pad for the first building of Phase 3, a 650,000-square-foot cross-dock distribution building.
“This front-end work will allow us to meet the market when the time is right and provide us a critically important speed-to-market advantage, ” Justin Robinson, Stream Realty’s executive managing director and partner told TRD.
Stream is in the planning stages for building 11, which will likely be a 150,000-square-foot front-load distribution building.
Stream Realty has a tenant signed to a 95,000 square-foot lease in building 7 of recently completed Phase 2, but could not disclose who the new lessee is, due to a non-disclosure agreement.