First Phase of Industrial Park will include 557,490 Square Feet Across Three Buildings
Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers, and joint venture partner Clarion Partners, LLC have broken ground on Phase I of Weiser Business Park in northwest Houston. Located on the site of a former airport at 21904 Northwest Freeway in Cypress, Texas, the first phase of the redevelopment will include three speculative Class A industrial buildings totaling 557,490 square feet. Phase I is expected to deliver in the second quarter of 2022.
Weiser Business Park sits on a 130-acre site located on Highway 290, approximately 20 miles from downtown Houston, the Woodlands, and Katy. The project is accessed via a newly constructed extension of Fallbrook Drive, connecting Huffmeister Road to Highway 290. It features new utilities, frontage on Highway 290, and is designed to minimize the interaction between car and truck traffic.
Building 1 at Weiser Business Park is a 75,890-square-foot rear-load facility with 128 vehicle parking spaces and a 28’ clear height. Building 2 is a 223,400-square-foot cross-dock with a 32’ clear height, 229 parking spaces, and trailer parking. Building 3 is a 258,200-square-foot cross-dock facility with a 32’ clear height, 260 parking spaces, and trailer parking.
“Weiser Business Park is located in the heart of the Northwest Industrial Submarket, an ideal distribution point for companies in the ecommerce, consumer goods, and home building industries due to the proximity to the Woodlands, Katy, and the growing master-planned communities of Bridgeland and Towne Lake,” said Jeremy Garner of Trammell Crow Company’s Houston office. “Our delivery of a project of this scale in a great infill location, coupled with the site’s frontage and direct access to 290, will appeal to industrial tenants that are seeking proximity to customers and high-exposure for their brands.”
Leasing is being handled by Robert McGee and Taylor Schmidt of Lee and Associates. Construction is expected to commence on a fourth building at Weiser Business Park in early 2022 and will deliver an additional ±520,000 square feet of industrial space in the park. The cross-dock building will feature a 36’ clear height and plentiful trailer parking.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is a global commercial real estate developer having developed or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of March 31, 2022, TCC had $19.8 billion of projects in process and $10.1 billion in its pipeline. It employs 700 professionals throughout the United States and Europe.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 26 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, and the world’s largest commercial real estate services and investment firm (based on 2021 revenue). For more information visit www.TrammellCrow.com.
