HOUSTON–Conor Commercial Real Estate, a member of The McShane Cos., and joint venture partner USAA Real Estate Co. have announced the acquisition of a 36-acre site outside of Houston for the development of Gateway Southwest Industrial Park.
The three-building, 525,800-square-foot industrial park is located at the interchange of Beltway 8 and U.S. 90 in Missouri City, a growing submarket southwest of Houston. The site provides visibility along these major transportation corridors together with access to the greater Houston area via the Beltway 8, Interstate 45, SH-69 and the newly opened Fort Bend Parkway Toll Road. Gateway Southwest Industrial Park will be delivered in two phases, with the initial delivery of Phase I scheduled for fourth quarter 2015.
The first phase of the Gateway Southwest Industrial Park includes Building 1, a 131,560-square-foot, front-load facility with 26 dock doors and Building 2, a cross-dock design with 217,440 square feet and 60 dock doors. Phase II will consist of Building 3, a 176,800 square-foot, front-load facility providing 36 dock doors. Each of the park's three buildings has been designed to support single- or multi-tenant configurations that feature a 32-foot clear height, 52 foot x 40 foot column spacing, 60-foot speed bays, ESFR sprinkler systems and T-5 warehouse lighting. The park also incorporates 130-foot truck courts and trailer and vehicle parking.
Cadence McShane Construction Co. and Powers Brown Architecture will provide the design/build construction of this multi-phase industrial development. Tom Condon, Jr. of The Woodlands office of Colliers International represented the seller of the land parcel while Edward Bane and Jon Michael of NAI Houston represented Conor Commercial/USAA Real Estate in the acquisition of the property. Bane and Michael will also serve as exclusive marketing agents and represent ownership at the new industrial park development.
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