Why Houston’s Industrial Projects Are Flying Off the Shelves
- Jun 03, 2015
In one of Houston’s most lucrative industrial submarkets, ownership can change as soon as a project gets off the ground. Denver-based Amstar announced recently that not long after it had started working on its 352,680-square-foot Beltway North Commerce Center, the firm entered into an agreement with an anonymous buyer to sell the building.
The Beltway North Commerce Center is a LEED-certifiable, cross-dock industrial building located at 971 North Sam Houston Parkway E., within the North Houston submarket. The Class A industrial project, which fronts the Beltway for more than 1,200 feet and has been designed for single- or multi-tenant use. It was developed on a 35-acre tract purchased last year by Amstar in partnership with Davis Commercial Development.
“We purchased this site in early 2014 from a corporate owner who had slated it for commercial development for years due to the outstanding location near George Bush Intercontinental Airport but had never started construction. We acquired the site, changed the use and designed a building very well suited for the industrial and office space users in the North Houston submarket,” said Jeffrey Davis, principal of Davis Commercial Development.
Josh McArtor and Heather McClain Venegoni with CBRE’s Dallas office represented Amstar in the transaction.