Stream Realty Partners has completed Raceway Northwest Distribution Center, a 156,483-square-foot speculative distribution development in northwest Houston.
The new facility, which offers frontage along Fairbanks North Houston Road, provides immediate access to the Sam Houston Tollway, State Highway 249, and U.S. Highway 290. It is near Houston’s population center, providing logistical advantages to potential users. Stream, a national commercial real estate firm offering an integrated platform of services, is now offering immediate occupancy for users from 70,000 square feet to 156,483 square feet.
”We are very proud to announce the completion of Raceway, a truly unique offering in the Houston market,” said Justin Robinson, Executive Managing Director and Partner at Stream Houston. “Given the high barriers to entry in this submarket, which is Houston’s largest and historically most active in terms of tenant demand, this one was challenging, but we had the right team in place to deliver a finished product that we are extremely proud of.”
Raceway Northwest Distribution Center has been constructed to the most modern distribution development standards, including a front-load configuration with 36-foot clear height, 25 dock-high doors, and 109 vehicle and 22 trailer parking spaces. The development is move-in ready with speculative office space, a white-boxed interior warehouse, LED warehouse lights, and a fully fenced and secured truck court.
Kyle Fletcher, a Director in the Industrial Development Services division at Stream Houston, assisted in the development management of the project. Robinson, Senior Director Tyler Wellborn, and Director Craig McKenna also provided development oversight. Jeremy Lumbreras and Boone Smith, both Senior Vice Presidents for the Houston industrial division, oversee leasing efforts for the building.
“The completion of Raceway is well-timed given the overall lack of new supply on the ground today in this pocket,” said Lumbreras. “The Houston industrial market continues to fire on all cylinders, and this offering allows users to take full advantage of Raceway’s thoughtful design and ideal location. Our team is very encouraged by leasing activity thus far and look forward to great success in short order.”
Corporate neighbors include Amazon, The Home Depot, Panasonic, Advance Auto Parts, UPS, and Target.
Raceway Northwest Distribution Center is owned and overseen by Stream Realty Partners. Bringing over 170 years of combined experience, the Industrial Development Services division at Stream sources and executes development opportunities across a growing platform and offers a full suite of development-related services. Stream’s Investment Management Platform leverages expertise from Stream’s 15 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively owns 31 investments of 21 million square feet and approximately $3.1 billion in assets under management.