Trammell Crow completes 92-acre Blue Ridge Commerce Center near Missouri City.
A new 92-acre industrial park outside Missouri City is now complete.
Dallas-based Trammell Crow Co. said it delivered Blue Ridge Commerce Center’s five buildings last month, about a year after starting construction at the northeast corner of the Fort Bend Parkway toll road and FM 2234 in Fort Bend County.
The development totals 1.35 million square feet, with buildings ranging from 153,928 to 431,017 square feet. The rear-load, front-load and cross-dock facilities have clear heights of 28, 32 and 36 feet, with one featuring solar panels and all pursuing LEED certification.
The entire project has 854 car parking spaces and 196 trailer parking spots.
Katy-based Linco Construction Co. built the park’s infrastructure, including new public roads, a traffic signal on FM 2234, underground utilities, a regional stormwater detention pond and public sidewalks. The project was designed by Houston-based Seeberger Architecture. Houston-based firms BGE Inc. and E.E. Reed served as the project’s civil engineer and general contractor, respectively.
Trammell Crow developed Blue Ridge in partnership with Daiwa House Texas, the U.S. subsidiary of Osaka, Japan-based real estate company Daiwa House Group. It was Daiwa House Texas' first investment in a ground-up industrial project in the United States, Trammell Crow Principal George Farish said.
The company is working with Daiwa on another Houston-area project, he added.
Cape Bell, Jason Dillee and Kayla Ripple with Trammell Crow parent company CBRE Group Inc. (NYSE: CBRE) are marketing the buildings for lease or sale and are in talks with several companies that have signed letters of intent, Farish said.
“The market reception has been pretty phenomenal,” he said.
Farish anticipates the park will house about 10 tenants, with some taking up whole buildings.
For now, the massive new development is pushing up the vacancy rate for Houston’s southwest submarket to a four-year high of 10.8%, as of Sept. 10, according to CoStar.
“The good news is that the construction pipeline has largely emptied out, for now,” said Itziar Aguirre, senior director of market analysis for CoStar in Houston. “Also, while leasing activity has eased from the fervent pace seen in 2022 and 2023, it remains well above pre-pandemic norms, which has encouraged developers to remain active here.”
Trammell Crow has been one of the most active industrial developers in the southwest submarket. It previously developed the 168-acre Lakeview Business Park and the 127-acre Park 8Ninety at Beltway 8 and U.S. Highway 90 Alternate.
“Fort Bend County continues to grow rapidly. It's one of the top fastest-growing counties in the Houston MSA,” Farish said. “And there is work being done to extend the Fort Bend Parkway further south into Fort Bend County, which will provide even more connectivity for our Blue Ridge project.”
Elsewhere, recent Trammell Crow developments include the 752,000-square- foot Carpenters Logistics Center in the Channelview area, which was delivered in the first quarter of this year, and the six-building Gulfbelt Logistics Park at Interstate 45 and south Beltway 8, which recently started construction, according to Farish.
