No tenant? No problem. Million-square-foot 'spec' industrial buildings are popping up across Houston.
From Baytown to Brookshire to Conroe and beyond, developers are breaking ground on million-square-foot industrial buildings.
After success with the first building, Houston-based TGS Cedar Port Partners is set to deliver another 1.2 million-square-foot spec distribution building in Baytown early next year, adding to a growing number of mega-buildings going up in the Houston region with no tenant in mind.
TGS Cedar Port DC 4 will be the first warehouse in the 850-acre Tract 7 of TGS Cedar Port Industrial Park, a 15,000-acre rail and barge-served industrial park along the Grand Parkway in Chambers County. The developer is erecting steel on the building, which broke ground at 7505 Fisher Road in the second quarter and is planned for completion in the first quarter of 2023, according to commercial real estate firm Partners, which is marketing the project.
The development follows the completion of the 1.2 million square-foot DC 1 building at 6363 FM 1405 in Baytown, which was also developed on a spec basis but is no longer on the market, according to Partners. The companies declined to identify the building's occupant.
Designed by Powers Brown Architecture with up to 40-foot clear heights and built by E.E. Reed Construction, the building is being marketed for lease by John Simons, Gray Gilbert, and Chris Haro with Partners.
