Cushman & Wakefield announced today that the commercial real estate services firm was selected to market the new development Fairbanks Northwest Distribution Center in Northwest Houston.
Jim Foreman and Allison Bergman of Cushman & Wakefield are representing the landlord, Triten Real Estate Partners, in oversight of leasing efforts.
“Triten is planning a new industrial development in an infill location to meet the increased demand for dock-high distribution space in a tight warehouse market in Houston,” said Foreman. “The buildings are designed for one or two tenants and can accommodate heavy car parking and fulfill the rapidly growing increase in need for trailer parking as well.”
Fairbanks Northwest Distribution Center is located at 7810 Fairbanks North Houston Road with nearby access to Northwest Freeway and the Sam Houston Tollway in Northwest Houston. Once constructed, the industrial property will be comprised of a total of 357,570 square feet.
As the firm reported for Q1, the Houston market’s overall industrial vacancy rate fell to 7.3%, a 110-basis point decrease compared to 8.4% in the previous quarter.
“These two bulk distribution facilities are strategically located in the most dynamic submarket in Houston,” says Will Hedges, managing partner at Triten Real Estate Partners. “Fairbanks Northwest Distribution Center will cater to the deepest part of the tenant base by providing ideal modern features for tenants ranging from 50,000 to 200,000 square feet.”