The North submarket is getting more industrial development—Bisnow has learned that Phase 1 of Rankin Industrial Park will break ground on Sept. 1.
Southwest Realty Advisors’ Jonathan McDaniel, Patrick McKiernan, and Marc Drumwright are handling leasing/sales/management of the park for the developer, a private investor group out of Houston and Florida. They tell us the property will include six buildings totaling 90k SF. They’ll front Rankin Road one-half mile west of the intersection with I-45. All six buildings will have 26’ heights, outside storage, and grade and dock loading. Patrick tells us the buildings are for sale or lease, and since these specs fit the needs of most oil and gas groups today, he expects to fill most of them before they’re even completed.
Rankin Industrial Park is directly across the street from the US Armed Forces Reserve Center (how’s that for security?). Patrick tells us it’ll include unique detention ponds—rather than the usual industrial project layout, the developer is designing the ponds as an upscale water feature. The buildings will feature high-end glass storefronts with stone façade fronts. Phase 1 will sit on the west side of a common drive and include three freestanding 10- and 20-ton crane-ready buildings. Phase 2 will break ground 60 days later on the east side. The park is designed by CDA Architects and engineered by JRH. It’s slated to deliver in Q1 ’15.
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