Houston: 500,000-SF industrial park headed to south side

HOUSTON – The Houston arm of Boston-based Cresa Partners LLC, a tenant representation firm, has plans underway for a 500,000-sf industrial Class A park on 32 acres off SH 288.

The industrial park, dubbed Lower Kirby District, includes potential plans for an office building as well as a rear-load building, although the company said it is pursuing build-to-suit projects as well.

The project would combine industrial and office spaces using tilt-wall construction and curtain-wall glass for a look that will be a departure from older concrete industrial buildings on the market.

The initial phase of the project will be a 181,000-sf building fronting Kirby Dr. and Airport Blvd. that is 60 percent preleased, although no tenants have yet been named. Phase one is expected to break ground third quarter this year.

"We think there’s a real hunger and demand for the tenants that might even be a 60 to 90 percent office user with a little bit of warehouse or a lab. Those guys are frustrated because there’s not a lot of that," said Andre Granello, managing principal at Cresa Houston.

In terms of potential tenants, Granello said he has seen interest from the architecture and design community, as well as lighting, flooring and furniture companies.