15-Building Industrial Park Planned In Northwest Houston
Tomball may soon see a nearly $32M industrial park rise along Boudreaux Road as industrial development continues pushing farther into Houston’s rapidly growing northwest corridor.
In separate filings registered with the Texas Department of Licensing and Regulation on May 15, developers proposed a 15-building project collectively named Grand Parkway NW Industrial Park.
The planned buildings would range from 12.5K to 55.5K SF and are each listed as a “sprinklered, shell building” intended for future office/warehouse use.
If approved, construction is slated to begin on June 15 and last one year.
Neither the property’s owner, Prime Horsepower LLC, nor the project’s design firm, Adkisson Group, returned requests for comment as of press time.
Tomball has been methodically increasing its industrial base for years. The Tomball Economic Development Corporation owns the 100-acre Tomball Business and Technology Park and last year acquired at least another 46 acres to attract industrial operations.
While southeast Houston continues to have the strongest leasing activity, the northwest submarket is emerging as a growing target for developers and investors to expand industrial holdings.
Easy access to freeways and the availability of labor are two of the characteristics that make the northwest areas desirable. Northwest Houston saw 2.7M SF of industrial absorption in the first quarter, Mary Doetteri, research director for Lee & Associates, told Bisnow.
Investor activity has also remained active in the submarket. In March, Constellation Real Estate Partners revealed plans to construct two speculative industrial buildings along Mills Road. Then, at the end of April, JLL Capital Markets announced the sale of Fairbanks Northwest Distribution Center, a two-building, nearly 360K SF, newly constructed industrial property.
