KATY, TX—In 2014, Transwestern Development Co. purchased 75 acres in West Ten Business Park, a 450-acre master-planned park on Interstate 10 at Cane Island Parkway, from Houston-based Parkside Capital for an undisclosed amount. Since then, the added missing mile of Grand Parkway and the completion of Cane Island Parkway have both made a significant difference in that area’s transportation flow and space demands.
“The completion of the Grand Parkway has been a game changer for the west Houston submarket,” said Pete Johnston, senior vice president at Transwestern Development Co. “In addition, the completion of Cane Island Parkway provides West Ten users immediate access directly from Interstate 10. West Ten Distribution Center is the pre-eminent park in west Houston and a viable solution to the current lack of high-quality space in the west Houston area.”
And now, Houston-based Bel Furniture is set to open 415,296 square feet of new showroom and distribution space at West Ten. The two-building speculative project includes a 74,793-square-foot showroom and an adjacent 340,503-square-foot distribution center, according to Transwestern.
“We’ve seen increasing interest in the Katy area from a variety of tenants. The expansive frontage on I-10 and the inherent benefits of a master-planned deed-restricted commercial park are highly attractive to industrial users,” Johnston tells GlobeSt.com. “Plus, Cane Island Parkway is a four-way cloverleaf interchange, providing immediate and convenient access to both east and west routes on I-10.”
Bel Furniture has evolved into one of the largest furniture retailers in Texas with more than 350 employees, 15 locations and three distribution centers throughout Houston, Humble, Webster and Beaumont, including a mega showroom in San Antonio.
“We have been looking for an opportunity to open a large retail and distribution operation in west Houston to serve our expanding customer base, and West Ten was an ideal fit for us based on the quality of the new buildings, strategic location, visibility and access to Interstate 10,” said Jamal Mollai, owner and founder of Bel Furniture.
Transwestern’s Brian Gammill represented the owner, a Transwestern Development Co. partnership, and Billy Gold of CBRE represented Bel Furniture.
More than 42 acres of the original purchase are available for future development, build-to-suits or sale to end users.