Another project in the works is the Levey Group’s 5 Corners Business Center on Beltway 8 between Highway 59 and Highway 288.
“When it comes to the development of new speculative industrial developments, until recently, Houston’s southwest market has been largely ignored by the industrial development community,” said David Ebro, president of the Levey Group. Levey also developed the 22.7-acre Sam Houston Business Park in northwest Houston and is using that development as a model for 5 Corners.
High land prices, land scarcity and oversupply of industrial space in the north, northwest and west submarkets factored into the Levey Group’s decision to build a park in southwest Houston, Ebro said.
“Despite the strength in the industrial market over the past three years, because the southwest market has been largely overlooked by industrial developers, its market fundamentals of supply, demand and rental rates make it a uniquely ripe market for development,” Ebro said.
546,275 square feet of flex, rear-load and front-load industrial space.
Architect: Houston-based Three Square Design Group
General contractor: Not yet selected
