Trammell Crow, Clarion Kick Off 628 KSF Industrial Project
With this final phase, the developers will expand the Houston-area industrial park to 1.7 million square feet.
A joint venture between Trammell Crow Co. and Clarion Partners has broken ground on the third and final phase of Weiser Business Park in Cypress, Texas. Upon completion in October 2025, this stage will add 628,012 square feet of speculative industrial space in two buildings, expanding the campus to 1.7 million square feet.
Cadence Bank provided construction financing, which according to CommercialEdge clocked in at $32.5 million. Cadence also issued a note of $31.9 million for the previous phase, which debuted in 2023 and added 521,600 square feet to the industrial park.
Seeberger Architecture provided design services for phase three, which comprises two facilities. A&F General Contractors is also part of the development team. The same crew worked on Weiser Business Park’s second phase.
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The duo will feature a cross-dock configuration and 36-foot clear heights, as well as a combined total of 136 dock doors and eight ramp doors. The two buildings will pursue LEED certification upon completion.
The 130-acre Weiser Business Park rose on the site of the former Weiser Airpark, which opened in the mid-1940s and shuttered its operations in 2019. Carrying the addresses 14311 and 14281 Fallbrook Drive, the last two infill construction sites are 24 miles northwest of downtown Houston.
Buildings one through four are 93 percent leased. The tenant roster includes Western Post, a warehousing operator based in China, and Pratt Industries, a packaging manufacturing company, as well as R.S. Hughes, a distributor of industrial supplies, among others.
Metro Houston’s industrial starts outpace deliveries
Greater Houston’s industrial pipeline encompassed 11.5 million square feet of space underway in December, according to a Cushman & Wakefield report. Speculative industrial developments accounted for 95 percent of the total under-construction space.
During 2024’s last quarter, construction starts clocked in at 4.0 million square feet, outpacing industrial deliveries—which landed at 2.0 million square feet—for the first time since 2022’s fourth quarter, the report shows.
The market’s vacancy rate stood at 5.5 percent at the end of 2024, a 120-basis point decline compared to 2023, the same source reveals. This drop was due to less supply hitting the market last year. Just 16.4 million square feet of industrial space debuted in 2024, as opposed to 35 million square feet in 2023.
As deliveries dwindled and vacancy tempered, new projects may take root in select submarkets this year, Cushman & Wakefield predicts. One industrial development that broke ground earlier this year was the 463,000-square-foot Patriot Business Park in Houston’s Northern submarket. Investment & Development Ventures and Standard Real Estate teamed up for the campus, which is slated for delivery in 2025’s third quarter.
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