Tag: Industrial Properties

Adaptive Reuse
08/27/09 10:47am

What’s Brewing at the New Fifth Ward Saint Arnold HQ

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Attractions, Fifth Ward, Industrial Properties
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Fifth Ward correspondents Vaughn and Terri Mueller drive by the building at 2000 Lyons St., across the railroad tracks from Hennessey Park — the future location for the Saint Arnold Brewery. And they notice the gate and a wide strip of the building open to view:

There aren’t any signs around the old HISD food service building exclaiming that Saint Arnold’s is moving in, but take a quick drive around the block and and it sure looks like a brewery inside. The expansion is still under construction but there is a large door (or unfinished wall) that is open to one of the side streets. . . . You can see some of the fermentation tanks in the corner. One of the only signs at the construction site is for the construction company “Clifford Jackson Contractors.”

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Buildings for Sale
07/31/09 1:05pm

Weingarten Warehouse Sale

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Buying and Selling, Industrial Properties, Quicklink
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WEINGARTEN WAREHOUSE SALE Weingarten Realty is continuing its multi-year property selling spree. The REIT is trying to unload a big chunk of its industrial properties, which make up a quarter of its holdings, but are typically easier to sell than retail centers: “Weingarten owns or has a stake in 18.6 million square feet of industrial properties in six states, with approximately 7 million square feet in the Houston area. Of the local holdings, nearly 890,000 square feet is up for grabs. In Houston, two properties with a total of 211,000 square feet are under contract for sale and another two facilities with 349,000 total square feet were expected to go under contract this week, according to Landwermeyer. Spec’s became the first local buyer when it acquired a 201,000-square-foot building last week. But as a core asset, that property would not have been sold had it not been for Spec’s existing retail ties to Weingarten.” [Houston Business Journal; more on the sale to Spec’s]

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Greenspoint
04/24/09 10:22am

Closing the Greater Greenspoint Sprawl Gap

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Industrial Properties, Quicklink, Sprawl
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CLOSING THE GREATER GREENSPOINT SPRAWL GAP That 1,000-acre undeveloped green space south of Beltway 8 and just west of I-45 North will soon become Houston’s largest office/warehouse distribution business park: “The marketing package announces sites for sale within the business park ranging from five to 300 acres in size. A site plan indicates that Ella Boulevard, Greens Crossing Boulevard and Fallbrook Drive will be extended through the property. . . . Pinto Realty’s business park is comprised of 500 acres that have been owned by the Cockrell family for some 50 years, [Greater Greenspoint Management District president Jack] Drake says. The other 500 acres were used as a tree farm for many years before the Cockrells acquired that portion of the land from ExxonMobil Corp.” A unit of Sysco is completing a 585,000-square-foot distribution center on 50 adjacent acres the company purchased from the Cockrells 2 years ago. [Houston Business Journal]

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Industrial Properties
04/10/09 10:49am

Plenty of Room at the Port

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Leasing, Port of Houston, Quicklink
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PLENTY OF ROOM AT THE PORT Lots of space is available in Houston’s industrial soft spot — on the far east side of town: “A lot of developers built huge facilities on spec at the Port of Houston. However, with trade down due to the global slowdown, the Port is starting to feel some pain, too; as is the real estate that sprang up to serve it. Exports are falling off, while imports are going from ship, to intermodal, to the rest of the country rather than remaining in Houston warehouses. Added to the fact was that building was out of control in that area during the mid-2000s. ‘Three or four years ago, everyone wanted to be at the Port, so everyone put their buildings there,’ [Grubb & Ellis Senior Vice President John] Nicholson says. ‘It was crazy.’ The result is a lot of vacant product, especially warehouse space, in the far east submarket. Transwestern’s report puts the East-Southeast Far submarket at 13.5% vacancy, including sublet space. The total inventory in that area is 34 million square feet, with 1.8 million square feet under construction. The Grubb & Ellis numbers for East Southeast Far have 30 million square feet of inventory and a 20% vacancy. And all of Houston is hunkering into recession mode in the area of lease negotiation. Nicholson and [Transwestern managing director Brian K.] Gammill say short-term deals are more common, as are more free-rent concessions.” [Globe St.]

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Industrial Properties
04/03/09 12:16pm

Out in Discount Land

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Katy, New Construction, Quicklink
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OUT IN DISCOUNT LAND Former Halliburton unit PathFinder Energy Services, now a part of Smith International, is building a new $20-million, 225,000-sq.-ft. tilt-up campus on 25 acres in Katy. “The center will be located near the northwest corner of Colonial Parkway and the Grand Parkway, next to the highly visible, 800,000-square-foot 99 Cents Only warehouse along Interstate 10. PathFinder’s site is across I-10 from where Houston-based KBR Inc. planned to build 900,000 square feet of office space to house most of its 4,500 local employees. The KBR project, which would have extended the Energy Corridor farther west, has been put on hold for economic reasons. PathFinder intends to consolidate hundreds of employees from four buildings it leases in Northwest Houston into the Katy-area site, which was acquired in December 2007 from an Interfin Cos. partnership.” [Houston Business Journal]

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Buying and Selling
01/30/09 11:46am

Spur 5 Hop: The University of Houston Grows East

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Commercial Real Estate, Industrial Properties, Institutional Buildings, Office Space, University of Houston
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The University of Houston has been given the go-ahead by the system’s Board of Regents to negotiate the purchase of the University Business Park, the 69-acre former Schlumberger Technologies corporate headquarters complex that faces I-45 South, just east of UH’s central campus.

The university currently leases 150,000 square feet in the business park, for offices “and other uses.” The new campus extension would be used for academic and research programs, administrative offices, storage, “industry partnerships,” and other functions. And it comes with 30 acres of vacant land.

UH has already completed the purchase of an adjacent 5-acre site, for about $2.5 million:

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Commercial Real Estate
01/21/09 10:42am

The Sad Consequences of Skipping Dessert

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Industrial Properties, Northwest Houston, Openings and Closings, Quicklink, Warehouse Space
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THE SAD CONSEQUENCES OF SKIPPING DESSERT Dreyer’s Grand Ice Cream will be shutting down its plant at 4494 Campbell Rd., off Clay Rd. in Northwest Houston, by early April: “Dori Bailey, director of consumer communications for Dreyer’s, says the company chose to close the Houston facility, which produces 20 million gallons of ice cream a year, because production demand from the Houston area has been declining over the past several years. ‘Houston was also one of our smallest plants and it only had the capability to make packaged ice cream, while our other plants are able to make other brands of ice cream snacks as well,’ Bailey says. Bailey says the company hasn’t decided whether to sell or lease the 130,000-square-foot facility. About 50,000 square feet of the plant is factory space, while 80,000 square feet is warehouse space.” [Houston Business Journal]

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Attractions
09/29/08 1:03pm

Hurricane Ike Turns a Warehouse into a Haunted House

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Crosby, Disaster Aftermath, Industrial Properties, Openings and Closings, Renovations, Retail
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Last week Hair Balls blogger Dusti Rhodes reported that most Houston-area haunted-house attractions were faring pretty well after Hurricane Ike — and managed to elicit this gem from the owner of haunted-house chain Phobia:

Our customer base is still screwed over. We bet they’ll be happy to hear that the fake houses in the area have their power back.

Now from Crosby comes a different kind of Hurricane Ike haunted house horror story: A warehouse attached to auto accessories shop B&M Accessories received so much damage from the storm that the owners decided to scrap their plans to expand their store into it. Instead, they’re turning the entire building into . . . yes, a haunted house:

“When we first came and walked through, my son said it looked like a haunted house in here,” [co-owner Billy] Maness said.

Though the power was out around much of the community, two light bulbs flicked on at the mention of Halloween.

After some discussion it was decided: the eerie warehouse was to become Crosby’s House of Terror, a 9,000-square foot maze of Halloween fun and fear.

While others are mourning the loss of their homes and businesses, the duo turned their misfortune around, giving the entire community something to scream about. Since Sunday, they’ve been hard at work, not cleaning up, but ramping up the Halloween spirit unleashed by Hurricane Ike.

The Halloween attraction will open to the public on October 3. Less than a year ago, the building at 117 Ulrich Ln., off FM 2100 in Crosby, was Shooters Bar. Before that, it was called the Chicken Coop.

After the jump: design touches from Hurricane Ike!

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Commercial Real Estate
08/06/08 2:46pm

Lookout for Townhouses: What Do You Make of the First Ward?

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Development Strategy, First Ward, Industrial Properties, Proposed Developments, Real Estate Investing, Real Estate Marketing, Redevelopment, Townhomes
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Bridge over Railroad Tracks, First Ward North of Edwards St., Houston

It seems son-of-a-son-of-a-guv Paul Hobby wasn’t quite clear at first what to do with a huge industrial site he bought in the First Ward:

Over the years, Hobby says, there was interest in turning it into an indoor soccer facility. There was also talk of growing lettuce inside the large warehouse. But a year ago, Hobby came up with the idea to create a data center in the space.

But that’s just the start of it. The site is the former Budweiser distribution plant Silver Eagle Distributors left behind when it built its new bunker further west on Washington Ave. Hobby bought the First Ward facility quietly from Silver Eagle in 2004 and leased it back to the company for a while before it left. The site stretches along Edwards St. from Sawyer to Silver, a few blocks north of Washington.

Indoor farm . . . server farm . . . why not? The possibilities are endless! But then, there’s always . . . townhomes!

A row of eight to 10 townhomes are slated to be built along Edwards Street. And an undetermined number of units are being considered for the eastern-most part of the property.

Of course! But it gets better . . .

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Commercial Real Estate
04/28/08 7:18pm

Building Smaller, Building Green, Adapting, and Reusing: The Home Depot Way

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Green Design and Development, Industrial Properties, New Construction, Northwest Houston, Real Estate Marketing, Renovations
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Site of Fallbrook Distribution Center, 8103 Fallbrook Dr., Houston

Just add punchline: If all goes as planned, Home Depot will soon be operating a LEED-certified distribution center just south of the Sam Houston Race Park in Northwest Houston.

Pennsylvania REIT Liberty Property Trust began constructing the enormous 535,000-square-foot Fallbrook Distribution Center at the southwest corner of Fallbrook Dr. and Fairbanks-North Houston on spec, and plans to submit it to the U.S. Green Building Council for core & shell certification. Home Depot will be leasing the entire facility.

But Home Depot wanted a few changes made . . .

Liberty Property . . . switched gears in the middle of construction to make the facility — originally planned as 615,000 square feet — smaller to suit the long-term tenant. “We disassembled the east side of the building and relocated tiltwall concrete panels to create a larger employee parking area,” [Liberty Property’s Joe] Trinkle says. “We had to take apart the building to accommodate their need.”

The west side of the building was also disassembled and reconstructed in order to add a third loading dock, he says.

Gary Mabray, an industrial broker with Colliers International, says it is unusual for a construction project to undergo as many changes as this one did.

“That building was basically finished,” Mabray says. “They had to go back in and demolish slab and everything.”

Liberty Trust, a real estate investment trust, offered the tenant a build-to-suit option at another site so the building would not have to be converted, but Trinkle says the timing was off.

Photo of Fallbrook Distribution Center under construction: Liberty Property Trust

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Buying and Selling
01/22/08 2:50pm

Preservation Alert: Save the Historic Salvage Yard!

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Demolitions, First Ward, Historic Preservation, Houston History, Industrial Properties, New Construction: Residential, Openings and Closings
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Johnny Franks Auto Parts AdIt’s not just the rice silos that’ll be leaving the First Ward. Next thing you know, they’ll be demolishing . . . the used-auto-parts yard across the street. A source very close to Charles Kuffner reveals that the owner of Johnny Franks Auto Parts at 1225 Sawyer St., across the street from the Mahatma Rice silos, has already sold the land to residential developers.

But wait. Johnny Franks Auto Parts bills itself as “The Nation’s Oldest Salvage Yard.” Is this true? If so, how could Houston let such an important historical site be destroyed? Founded in 1910, the salvage yard for years advertised itself as “the house of a million parts.” Sadly — like so many other historic structures in Houston — that may be its ultimate fate.

After the jump, Kuffner counts the reasons why there’s probably no stopping residential development from taking place on this historic site:

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Commercial Real Estate
01/18/08 11:32am

Where Have All the Rice Fields Gone?

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First Ward, Industrial Properties, Landscape
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Mahatma Rice Silos at Riviana Foods Plant, 1702 Taylor St., Houston

Gone to subdivisions, everyone!

Riviana Foods chief Bastiaan de Zeeuw gives more details about the company’s decision to close the Mahatma and Success Rice processing plant at 1702 Taylor St.:

De Zeeuw points out that the acreage devoted to rice-growing in Texas decreased by 75 percent from 1980 to 2006. In the 1980s, he says, Texas represented about 20 percent of total rice acreage in the United States. Now, it represents only 5 percent.

So what will happen to the 9.4-acre site in the increasingly less industrial area just south of I-10 once a new facility is built in Memphis? Read on, after the jump.

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Commercial Real Estate
01/04/08 10:45am

Silo, Been Good To Know You

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First Colony, Industrial Properties, Openings and Closings
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Riviana Foods Mahatma Rice Silos near Summer St. and Winter St., Houston

Say a long goodbye to those silos that hover over the Winter St. Studios in the industrial area just east of Sawyer St. Mahatma Rice owner Riviana Foods says it is closing its Houston plant and building a new facility in Tennessee:

Over the two-year time period, production and packaging at the Houston plant will be phased out and transferred to the new Memphis facility. At the end of this transition period, the Houston plant, which includes the Instant and Packaging Plants, Warehouse and Technical Center located at 1702 Taylor Street, will then be closed and operations will cease. Currently, approximately 250 employees work at the Houston facility. Riviana’s headquarters will remain in Houston at its Allen Parkway location.

Photo of Rice Silos at 2200 Summer St.: Flickr user emilyj82

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