One of Houston’s largest industrial centers has a new tenant.
A third-party logistics provider has leased 4902 South Belt Central Drive from Houston-based Investment & Development Ventures, taking an entire 603,000-square-foot building in the South Belt Central Business Park.
The financial terms of the deal and the name of the tenant were not disclosed. Jim Foreman and Brooke Forrest of Dallas-based Cushman & Wakefield represented the landlord.
At 3.5 million square feet, the South Belt Central Business Park is one of the largest industrial projects underway in Houston, situated close to the city’s Southwest submarket with quick access to Downtown Houston and the Texas Medical Center.
The building being leased, Building 4, is the first in the project’s second phase. It is currently under construction and expected to be delivered by January and will include a cross dock with 36-foot clearance, 442 parking spaces and 196 trailer parking spaces.
Buildings 6 and 7 will be delivered by February and span 160,000 and 108,000 square feet.
IDV recently completed construction on Phase 1, which includes two fully leased buildings spanning 305,000 and 132,000 square feet, with cross docks, small offices and parking.
A third phase is also planned for 2024.
Another major industrial project underway in Houston is coming to the 15,000-acre Cedar Port Industrial Park, which recently landed a deal with Dayton Street Partners to construct a 47-acre truck terminal, the first of its kind for Houston.
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