We Have Touchdown in Houston
Team members from Creation and LGE Design Build joined some guests last week in Houston to celebrate the expansion of both companies’ footprint in the Texas market. The event was a happy hour to mark the groundbreaking of two new industrial projects in the northwest part of the city – Houston Point 290 and Cypress Creek Distribution Center.
These projects represent the first two industrial construction projects for LGE in the Houston metro area. With more than 21 million square feet under construction as of late July, Houston ranks toward the top of the list of U.S. cities when it comes to industrial growth.
PRIME LOCATIONS FOR DISTRIBUTION
Both projects are conveniently located near the intersection of Hwy 6 and Route 290, providing easy access to other major transportation thoroughfares. Each location is situated approximately 10 miles from Interstate 10, which connects Houston to the East and West Coasts.
HOUSTON POINT 290
Houston Point 290, a three-building complex, will boast just under 385,000 square feet of state-of-the-art industrial product. The buildings will range in size between 150,000 to 106,000 square feet and will cater to tenants that are seeking a facility for light industrial work or warehouse space. Other features of Houston Point 290 include:
- 112 dock doors
- 32’ clear height
- 341 parking spaces
- 130-135’ truck courts
- 31 trailer spots
CYPRESS CREEK DISTRIBUTION CENTER
At just over 150,000 square feet, Cypress Creek Distribution Center will be a rear-load industrial facility with best-in-class amenities. It will feature two main points of ingress and egress with direct access to FM 1960, making it ideal for distribution purposes. Other features of Cypress Creek Distribution Center will include:
- 42 dock doors
- 32’ clear height
- 150 parking spaces
- 125’ truck court
MODERN EXTERIOR DESIGN
The architecture of all the buildings will feature the modern design that has become the calling card of LGE Design Group. With clean lines and two-stories of storefront window systems, these buildings will have a uniform appearance, despite their separation into different locations.
MORE ABOUT THE HOUSTON INDUSTRIAL MARKET
With its close proximity to the Gulf of Mexico Ports, Houston is well-poised as a distribution hub domestically and internationally. The industrial vacancy rate, as of July, was 5.7 percent with a net absorption approximately 6.6 million square feet, year-over-year. Of the 21.9 million square feet under construction, more than a third of it is happening in the northwest submarket where Houston Point 290 and Cypress Creek Distribution Center are located.
In 2021, Houston was atop the list of cities with a thriving big-box retail market, with an 11 percent increase in industrial facilities over the course of that year. E-Commerce sales have been very strong, especially since the pandemic, driving up new industrial construction starts right along with them.