HOUSTON, TX – November 21, 2019 – Stream Realty Partners (Stream), a national real estate services, development, and investment company, is proud to announce they have closed on 300 acres in west Houston to build Empire West Business Park, a Class AA industrial development. Empire West is uniquely situated with 5,000 feet of rare Interstate 10 and Highway 90 frontage with dedicated exits to Woods Road. The site is located outside the flood plain, has access to quality utilities, and its location in the City of Brookshire and Waller County creates eligibility for aggressive tax abatements.
Justin Robinson, Partner at Stream, said, “Based on years of research in this area, coupled with the abundant user demand in west Houston, we feel now is the time to strike and put this land into production.”
Stream’s immediate strategy is three-fold. First, Stream will build a speculative phase totaling 1.0 million square feet under three roofs. Second, they will chase build-to-suit deals, and lastly, sell land to corporate end users.
Matteson Hamilton, Partner at Stream, continued, “Empire West’s location is situated perfectly to service the consumptive demand created by greater Houston’s 7 million residents, which is the main driver for the local distribution market. Additionally, this site provides a great ‘head start’ for users looking to expand their range and distribute regionally to Austin, San Antonio, and south Texas.”
Stream leases and manages over 30 million square feet of industrial product in Houston and has developed 6 million square feet of industrial product locally over the last 10 years. Jeremy Lumbreras with Stream will support the leasing efforts of Empire West.
Simpkins Group, a Houston-based commercial real estate development and investment firm, originally initiated the overall development plan, and given their historical knowledge of the site, will be Stream’s partner on the land development and infrastructure improvements.