HOUSTON, TX – November 18, 2021 – Construction is well underway on phase two of Houston’s largest single-phase industrial project being developed by Stream Realty Partners.
The national real estate services, development, and investment company broke ground in September on six buildings totaling 2.3 million square feet at its Empire West Business Park development 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. The expected delivery for the new buildings is July 2022.
“The national trend of supply chain optimization has been pulled forward, and speed to market is more important than ever,” said Justin Robinson, Stream Houston Managing Director and Partner. “That is our strategy for phase two: to provide high-quality, plug-and-play solutions for distributors that will allow them to be up and running by peak season 2022. Houston is a major beneficiary of this trend due to the consumptive engine of our 7-million-people, explosive population growth, regional reach to Central and South Texas, and the unique offering Port Houston presents for importers and exporters.”
The world-class project currently features three buildings totaling 1 million square feet. It was completed in April 2021 and is 100 percent occupied. Warefor Solutions LLC, a company that offers integrated solutions for product development, manufacturing, logistics, sales, marketing, warehousing, distribution, and fulfillment of high-quality home products, occupies building one’s 163,144 square feet. Winix America Inc., a manufacturer of healthy home appliances and air purifiers, purchased building two with 122,138 square feet. Ferguson Enterprises, the largest U.S. distributor of plumbing supplies, PVF, waterworks, and fire and fabrication products, is housed in building three with 750,775 square feet.
Amazon, Costco, Domino’s, Igloo and Medline, and Rooms To Go are among the companies nearby.
“Our belief in Houston and the West submarket is self-evident with the addition of these six buildings,” Matteson Hamilton, Stream Houston Managing Director and Partner, said. “We are the only new development project in Houston that can accommodate users from 120,000 square feet – over 1 million square feet in 2022.”
Empire West is owned and overseen by Stream’s Investment Management Platform, which leverages expertise from Stream’s 15 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively manages three discretionary commingled funds, in addition to several joint ventures, and wholly owned assets totaling 33 investments of 14.7 million square feet and approximately $2 billion in assets under management.
