HOUSTON—When it comes to development, arguably the most active state in the country for construction projects has been Texas. And within the Lone Star State, the energy-sector-powered city of Houston and its environs have seen more projects get started this past year than some markets have seen in a decade. So it's so surprise, then, that at least one of Real Estate Forum's 2014 Deals of the Year—to be featured the next issue—is located here.

Right before the holidays last year, Trammell Crow Co. and joint venture partner Clarion Partners broke ground on Fallbrook Pines Business Park in northwest Houston. The first phase, scheduled for completion in the first quarter of 2015, will include four concrete, tilt-wall office/warehouse buildings totaling 709,045 square feet, making Fallbrook Pines Business Park the largest industrial project under construction in the Houston region.

“What makes this development unique is that the northwest submarket is the largest and most diverse industrial submarket in the Houston region, and the lack of developable land sites in the core of the northwest submarket has limited the amount of new construction in the area,” Jeremy Garner, principal of Trammell Crow Co.'s Houston business unit, told GlobeSt.com. “This has pushed developers and tenants to sites on the periphery of the northwest submarket and into adjacent submarkets.”

The 127-acre business park is strategically located near the intersection of Beltway 8 and Hwy. 249 on Fallbrook Drive. Multiple options for access to and from Beltway 8 exist including Fallbrook Drive, Fairbanks North Houston Drive and Gessner Road.

Phase I will include two side-load buildings, one cross-dock building and one front-load building, all of which have been designed to accommodate fenced, secured truck courts. Designed by Powers Brown Architecture, the project will incorporate 28 to 32-foot clear heights, 52-foot-wide column spacing, extra trailer parking/outside storage, ample car parking, wide truck courts and ESFR sprinkler systems. The versatile project design targets a wide range of tenants including consumer-goods distributors, oil-field service companies and light manufacturers. The remaining 66 acres in the park are available for build-to-suit projects.

Rosenberger Construction is the general contractor for the project. Faron Wiley, first vice president, and Joseph Smith, first vice president with CBRE's Houston office, have been appointed leasing agents for the project.

When fully built out, the park could have up to 1.9 million square feet of space. Plans for Phase II call for more buildings—an 870,000-square-foot Building 5 and Building 6, at 296,000 square feet. At least 66 acres of the site would be available for build-to-suit projects.

Keep an eye on GlobeSt.com for more previews of the finalists for Forum's Deals of the Year 2014. For more information on the issue, or to participate, contact Greg Christensen.

Plus, if you have a project that has delivered in the past decade, check out our Pioneering Projects: Developments That Make a Difference, to appear in Forum's April 2015 issue.