Stream Realty Partners has just completed phase two of its Empire West Business Park, Houston’s largest single-phase industrial development.
Phase two of Empire West consists of six buildings totaling 2.3 million square feet. The national real estate services, development, and investment company is now offering immediate occupancy for users from 50,000 square feet to over 1 million square feet. The development is just 30 miles west of Houston in Brookshire, Texas. The site is uniquely situated with 5,000 feet of rare Interstate 10 and Highway 90 frontage with a dedicated east/west exit.
“We are so proud of our team’s accomplishments thus far at Empire West,” said Justin Robinson, Executive Managing Director and Partner. “This once-in-a-career type development has been a total team effort and illustrates everything Stream is all about, bringing highly skilled people together with a focus on providing exceptional service to our clients/partners and identifying entrepreneurial opportunities. We look forward to completing the remaining tasks at hand and are highly confident it will be well-received by the Houston market. Phase one of Empire West was completed in April 2021 and features three buildings totaling 1 million square feet. With the completion of phase two, Empire West Business Park becomes the biggest development ever for Stream.”
Amazon, Costco, Domino’s, Igloo and Medline, and Rooms To Go are among the companies nearby.
“The completion of phase two could not be at a better time,” said Matteson Hamilton, Executive Managing Director and Partner. “The Houston industrial market continues to perform at an incredibly high level, and our offering allows users of all sizes to take advantage of Empire West. Our team was intentional with the design and speculative above-and-beyond improvements in the buildings, which have been well-received by prospects in the market. Our team is very encouraged by leasing velocity thus far and look forward to great success in short order.”
A new tenant has already signed a lease for 95,000 square feet in Building 7, leaving approximately 2.2 million square feet available. Senior Vice President Jeremy Lumbreras and Senior Associate William Carpenter oversee leasing and marketing efforts at the development.
Stream anticipates a third phase of the project with two more buildings sometime in the future to round out the 300-acre development. A pad for Building 10 has already been constructed for a 650,000-square-foot cross-dock distribution warehouse. Building 11, which could offer 150,000 square feet, is still in the planning stage.
“This front-end work will allow us to meet the market when the time is right and provide us a critically important speed-to-market advantage,” Robinson said.
Phase one of Empire West was completed in April 2021 and is 100 percent occupied. It offered three buildings totaling 1 million square feet.
Empire West is developed and owned 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 14 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively owns 38 investments of 17.5 million square feet and approximately $2.2 billion in assets under management.
For leasing information, contact Stream Houston at 713.300.0300.
