Houston-based MARS Properties, LLC. broke ground on High Point West, an 89,440 square-foot industrial distribution center in Katy, Texas.
CBRE will be leading the marketing for the High Point West project, located at 1039 Schlipf Road.
High Point West has direct access to the Interstate 10 corridor, serving Houston, Austin and San Antonio. The state-of-the-art building will feature 32-foot clear height, heavy power capabilities, and access to controlled truck courts. The 7.25-acre site is scheduled to be completed in spring of 2019.
Demand for Class-A industrial product in the Houston region is higher than ever. Industrial users have been aggressively pursuing available space, as a result vacancy continues to tighten and now stands at 5.1 percent according to the latest report from CBRE Research. Total construction in Houston’s industrial sector is at a two-year high, a large portion of which is in the northwest submarket, including parts of Katy. Furthermore, construction is meeting demand, close to 50 percent of new product in the northwest submarket is already pre-leased.
CBRE will be leading the marketing for the High Point West project, located at 1039 Schlipf Road.
High Point West has direct access to the Interstate 10 corridor, serving Houston, Austin and San Antonio. The state-of-the-art building will feature 32-foot clear height, heavy power capabilities, and access to controlled truck courts. The 7.25-acre site is scheduled to be completed in spring of 2019.
Demand for Class-A industrial product in the Houston region is higher than ever. Industrial users have been aggressively pursuing available space, as a result vacancy continues to tighten and now stands at 5.1 percent according to the latest report from CBRE Research. Total construction in Houston’s industrial sector is at a two-year high, a large portion of which is in the northwest submarket, including parts of Katy. Furthermore, construction is meeting demand, close to 50 percent of new product in the northwest submarket is already pre-leased.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.