WALLER COUNTY (Covering Katy News) – A new business park will be constructed on a 150 acre parcel of land near the Amazon and Igloo distribution centers. It will be called Pigtail Crossing and will have frontage on Interstate 10, and will be located at the northwest corner of Interstate 10 and Igloo Road.
The Developer, Hines, will immediately focus on build-to-suit transactions geared towards regional and local distribution requirements to serve the greater Houston, San Antonio, and Austin markets, which are the fourth, seventh and 11th largest cities in the United States. At completion, Pintail Crossing will be able to accommodate up to 2.2 million square feet of distribution space.
“Over the past several years we have seen the far west I-10 corridor emerge as a vibrant logistics submarket, with some of the largest user footprints in the Houston MSA locating there, said Hines Managing Director Charlie Meyer. “The location offers access to Texas’ major population centers and proximity to a high-quality labor pool.”
Pintail Crossing will feature exceptional freeway visibility and access, and best-in-class infrastructure. The project is a natural progression that builds on the recent success of Pinto Business Park in north Houston, Beltway Southwest Business Park in southwest Houston and Independence Logistics Park in southeast Houston.
Katy Partners was advised and represented by Andrew W. Sowell, SIOR and Bo Pettit of Boyd Commercial, LLC. Hines has awarded the leasing assignment for Pintail Crossing to Sowell and Pettit.
“We view Pintail Crossing as the dominant location in the Katy MSA and look forward to expanding the Hines track record of delivering successful built-to-suit transactions for our valued tenants,” Meyer said.
“We are excited to combine Hines’ build-to-suit track record with a well-located, flexible property that has the unique ability to offer tenants and users highly flexible configurations, with buildings ranging from 100,000 square feet to 1.2 million square feet,” Sowell said.