LoneStar Development has been quietly building 150 industrial buildings over the last 15 years. (They've got silent jackhammers, and their construction workers are all former ninjas.) But now it’s coming out to the market in a big way, simultaneously launching two parks—in Katy (150 acres) and South Houston (35 acres).
LoneStar owner John Wilson—here holding the big fancy award with Mid-West Steel’s Mike Thompson and Ed Kohutek and fellow LoneStar owners Scott Schroeder and Joe Pawlikowski—tells us Energy Park West (at Clay Road and Katy Hockley Cut-off) will be a rare single-tenant deed-restricted master-planned industrial park in Katy. (He only knows of one small park nearby with similar product available.) It’s primarily looking to do five to 10-acre BTS deals, but can be very flexible on the size and include room for expansion or a laydown yard (which means something completely different than it did in the '60s). Phase 1 totals 65 acres, which could easily house 10 buildings. Infrastructure work is underway now, and John tells us it’ll be shovel-ready this spring.
LoneStar has also launched a 30k SF spec facility (rendered below), which will be complete in four to six months. LoneStar will act as its own GC. John says lots of companies are already eying that facility, and many of those discussions have evolved into BTS opportunities—he has proposals out to four companies already. Once the first spec building leases up, the team will break ground on another. (And then it can move to Phase 2 of Energy Park West, 82 acres next door.)
The firm has already purchased 35 acres near Almeda and the Beltway for its Energy Park South project, and it hopes to one day also have an Energy Park East and Energy Park North. John tells us his team has already sold one site in the South property and has three more proposals out. They’re also six to eight months out from delivering a spec facility there. That park is a sort of expansion of other properties LoneStar has built nearby, like its fully built out South Belt Industrial Park.
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