Houston Chugs Along Despite Double Whammy of COVID and Low Energy Prices

Transwestern Development Co., in a joint venture with Diamond Realty Investments, has acquired a 20.83-acre site at the intersection of West Dairy Ashford and Airport Boulevard. The firm plans to develop a two-building warehouse/distribution property totaling 326,792 square feet. This site presents an opportunity to develop high-quality industrial product in a proven area with limited land supply and favorable tax rates,” said Ben Newell, partner in Transwestern’s national logistics group. “Industrial users are seeking modern space with higher clear heights, ESFR sprinkler systems and larger truck courts to significantly improve operating efficiencies. Our project will have a distinct advantage by being one of the few newly constructed buildings in Sugar Land Business Park. Plans for the project called Sugar Land Crossroads include two buildings designed for tenants ranging from 28,000 square feet to the full capacity of 326,792 square feet. The buildings will offer 32-foot clear heights, and share trailer parking spaces and a 255-foot truck court.