Jackson-Shaw Breaks Ground on 535 KSF Campus
Jackson-Shaw is developing GreensPORT Logistics Park, a two-building, 535,478-square-foot industrial campus in Houston. The developer already broke ground on the project and expects delivery in the third quarter of next year.
Partners on the development include general contractor Burton, architecture firm Goree and civil engineer Kimley-Horn. Greystar-Thackeray is the equity partner, while Cushman & Wakefield is handling leasing efforts. Additionally, Comerica Bank provided a $27.6 million construction loan that matures in 2028, according to public records.
Building 1 will be a 149,477-square-foot, front-load facility with 32-foot clear heights. Upon completion, the warehouse will have three drive-in doors, 26 dock-high loading doors, 130- to 240-foot truck courts, 66 trailer stalls and 144 car parking spots.
READ ALSO: Why Light Industrial Properties Will Continue to Shine
The 386,001-square-foot Building 2 will have a cross-dock configuration and 36-foot clear heights. The development will have 90 dock loadings, 130- to 185-foot truck courts, 95 trailer spots and 216 car parking spaces. The facility will also be rail ready.
The two buildings will provide flexibility for multiple tenants. The campus is taking shape at 1823 Haden Road, providing easy access to Interstate 10. Downtown Houston will be within 14 miles, while George Bush Intercontinental Airport will be 25 miles away.
Cushman & Wakefield’s Executive Managing Directors Beau Kaleel and Brooke Swerdlow, along with Executive Director Michael Foreman, are taking care of leasing efforts.
Houston’s under-construction pipeline remains steady
Houston’s industrial sector had 6.7 million square feet of space under construction as of August, according to the latest CommercialEdge industrial report. The metro’s vacancy rate at the end of the same month clocked in at 7.7 percent, 100 basis points higher than the national average.
In August, Trammell Crow Co. started construction on Blue Ridge Commerce Center, a 1.4 million-square-foot industrial campus in Houston. The five-building project is scheduled to come online next summer.
A month earlier, Capital Development Partners completed Building II at Cedar Port Logistics Center in Baytown, Texas. The 800,405-square-foot facility is part of a 90-acre campus that broke ground in 2021.
The post Jackson-Shaw Breaks Ground on 535 KSF Campus appeared first on Commercial Property Executive.
