PinPoint Commercial has hired NAI Partners to market the 32 acres it has available in Phase II of its 51-acre Trinity Business Park industrial development, located in Southeast Houston. The property is available for land sales, build-to-suits and spec development of single-tenant light industrial product.
NAI Partners’ Travis Land will be responsible for marketing the remaining land in the business park, developed with regional detention and utilities. The business park will feature excellent truck access via two major TXDOT roads; an ideally located port area location and Interstate Highway access via US Highway 99; master stormwater detention; water service via local public provider and private sanitary sewer.
Phase 1 of the park consisted of 19 acres, which were sold to a Houston-based industrial contractor, which serves the area’s chemical and petrochemical plants. Phase I is currently under development, including an 80,000-square-foot warehouse building.
“We are extremely pleased with the momentum created by our Phase I development project in Trinity Business Park,” said PinPoint’s president and CEO, John Thompson. “Phase II is currently in the design and site development permitting process. This development is ideal for single occupancy industrial companies serving the submarket’s many major industrial players.”
Despite some economic headwinds, the Houston Southeast industrial submarket overall has continued to perform well, with year-to-date total net absorption of positive 919,580 square feet, and more than 4.1 million square feet currently under construction, representing 25 percent of the entire Houston market’s 16.2 million square feet.