Dallas-based Stream Realty Partners is preparing to break ground on the second phase of its Empire West Business Park in Brookshire after securing 100% occupancy in the first phase of the industrial development just four months after delivery. The second phase of the project will see the construction of six buildings, totaling 2.3 million square feet. The design of Phase II mirrors the design of Phase I, but on a much larger scale, with buildings ranging from 124,000 square feet to over one million square feet. Upon completion, 45 acres of land will remain at the site for future development.
Stream expects to break ground on phase two of the development in September with expected delivery in second quarter 2022.
“Leasing demand for our first phase was off-the-charts and the outcome speaks for itself,” said Matteson Hamilton, managing director and partner at Stream. “Based on market fundamentals and current user demand, we are going big with Phase II by offering the utmost flexibility to accommodate users of all sizes in the most modern buildings in the entire market. Additionally, Waller County and The City of Brookshire have been great partners, and we look forward to working on another successful phase with them at Empire West.”
Stream broke ground on the first phase of Empire West Business Park in June 2020 and delivered three buildings in April. Building one encompasses 163,144 square feet of industrial space and is occupied by Dallas-based Warefor Solutions LLC, which offers integrated solutions for product development, manufacturing, logistics, sales, marketing, warehousing, distribution, and fulfillment of high-quality home products. Building two is 122,138 square feet and was purchased by Vernon Hills, Illinois-based Winix America Inc., a manufacturer of home appliances and air purifiers. Building three is 750,775 square feet and occupied by Newport News, Virginia-based Ferguson Enterprises, a distributor of plumbing supplies, PVF, waterworks and fire and fabrication products.
Stream’s Hamilton, Justin Robinson and Jeremy Lumbreras represented Stream Realty Partners in the transactions and will oversee leasing and marketing efforts at the development.
Industrial space in Houston has been in high demand over the past year, partly due to the ongoing surge in demand for online retail deliveries that took hold amid the Covid-19 coronavirus pandemic. The region is also seeing demand return for oil and gas after a steep drop during the pandemic.