National MarketingTranswestern Development Starts 1.2M Square Feet In Industrial Projects
Houston Chronicle, Oct. 3, 2019
Katherine Feser
Transwestern Development Co. started two big projects in the third quarter, including one that will add more than 800,000 square feet of speculative distribution space in northwest Houston, a growing region for retailers and e-commerce operators.
The Houston-based company started construction on Sam Houston Distribution Center, a three-building, 833,720-square-foot industrial park near the Sam Houston Race Park. The project, at Wind Mill Park Road and Fallbrook Pines Drive, is planned for completion in the second quarter.
Ben Newell, a partner at Transwestern development, is leading the development, while Transwestern Commercial Services is handling the leasing. The project, on a 60-acre site acquired in partnership with institutional investors advised by J.P. Morgan Asset Management, was announced earlier this year.
“With Sam Houston Distribution Center underway, TDC has now broken ground on five buildings in Houston encompassing 1.2 million square feet in the third quarter,” Newell said in an announcement. “Houston’s industrial market continues to become more integrated into the national logistics chain due in part to the growing synergies of its inland and ocean ports.”
The buildings range from 138,720 square feet to 494,800 square feet with ceiling heights from 32 feet to 36 feet to accommodate higher racking systems. The project is near distribution centers for Amazon, Serta, Foxconn, Aramark, The Home Depot and Siemens. Land is available for additional trailer storage or build-to-suit projects. Separately, Transwestern broke ground on Stafford Crossing, a two-building project totaling 334,200 square feet at 11325–11329 Cash Road off U.S. 90 in Stafford southwest of Houston.
Time to Grow: Q&A With Transwestern’s Phillip McCarthy
Commercial Observer, Oct. 9, 2019
Transwestern Commercial Services (TCS) has added a structured finance group to its Washington, D.C., office as part of a new strategy to enhance its capital markets business line….
Strong Office Sector Fundamentals Sustain Value-Add Investment Strategies
National Real Estate Investor, Oct. 24, 2019
…In certain markets—for example, the D.C. metro area, yield can be higher, according to Gerry Trainor, executive vice president for capital markets in the Washington, D.C. office of real estate services firm Transwestern.
Transwestern Moves into Former Morton’s Steakhouse space
AZ Big Media, Oct. 14, 2019
…Managing Director Mark Stratz, who took over as Phoenix Managing Director – City Leader in January 2018, placed a high priority on creating a community-facing, open concept, collaborative office environment to further Transwestern’s philosophy of a culture-driven brokerage firm focused on the “human element” of commercial real estate.
Transwestern To Lease 105K SF At Phoenix Biomedical Campus
Commercial Property Executive, Oct. 22, 2019
Working on behalf of Wexford Science & Technology, the firm will provide leasing services for an upcoming $77 million development within the 30-acre campus….
