HOUSTON--(BUSINESS WIRE)--Lovett Industrial, the Houston-based real estate investment firm, has begun construction on Phase I of 610 Business District located in south Houston, consisting of two Class A industrial buildings totaling 388,795 square feet scheduled for completion August 2023.
610 Business District Phase I will be the first, speculative phase of a 113-acre business park. Located in the growing south Houston market, the project benefits from adjacency to the Port of Houston, the Texas Medical Center, Hobby Airport, and Downtown Houston. The infill location provides access to a large labor force and access to 2.6 million people within a fifteen-mile radius.
Phase I will be comprised of a 291,459 square foot cross-dock building with a 36’ clear height, and a 97,336 square foot front-load building with a 32’ clear height. The buildings will feature ample auto and trailer parking as well as outside storage for tenants. Subsequent phases of the business park can accommodate up to 1,000,000 square feet of development that will have similar leading design features.
Seth Flechsig, Senior Managing Director of Lovett Industrial’s Central Texas Region, commented, “We are thrilled to have Phase I of 610 Business District underway. The south Houston market has emerged as one of Houston’s leading destinations for distribution and manufacturing businesses. 610 Business District will ensure that those businesses benefit from best-in-class facilities in an excellent location with immediate access to Houston’s Loop 610.”
Marketing and leasing efforts for 610 Business District are exclusively handled by Andrew Jewett Sr., Nathan Wynne, and Jason Dillee of CBRE. Construction financing is provided by Associated Bank. Alston Construction is the General Contractor. Stephen Klimas of More Architecture Studio is the lead architect. Lester Jones of ALJ Lindsey is serving as the project’s civil engineer.
610 Business District is one of eight greater Houston area developments for Lovett Industrial; other projects include Nexus North Logistics Park, NOVA Logistics Park, NorthPort Logistics Center, Fort Bend Business Park, Fairway North Logistics Park, 99 North Logistics Park, and Interchange 249, which upon full completion will comprise approximately 11,500,000 square feet. Lovett Industrial currently is active in 6 additional markets across the U.S. and has more than 8.5 million square feet of projects currently under construction companywide.
About Lovett Industrial:
Founded in 2020 and based in Houston, Texas, Lovett Industrial is a privately held vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality. Currently active in 7 markets across the United States, Lovett Industrial’s portfolio consists of approximately 12.3 million square feet of completed and under construction warehouses and in excess of 10 million square feet of warehouses planned for future development. Lovett Industrial’s founders have combined over 60+ years of experience in the commercial and industrial real estate sectors. For more information, please see our website at https://lovettindustrial.com/.
