The park has dig-ready sites ranging from 1 to 16 acres available for design-build or BTS projects.
WALLER, TX – Continued employment and population growth, a growing e-commerce company and increased activity in the Port of Houston are driving demand for industrial space across the Houston subway, according to a second quarter report by CBRE. This demand is particularly evident in the tenant movement throughout the underground.
NRG Manufacturing Inc., a division of AFGlobal Corporation, has selected Waller Industrial Park for its new manufacturing, testing and regional office, according to Archway Properties. Waller Industrial Park benefits from its proximity to US Highway 290 and Houston's fast-growing Northwestern Quadrant. Shovel-ready sites from 1 to 16 acres are currently available for design-build or build-to-suit projects.
As part of the move, NRG and Archway are renovating an existing production, warehouse and office facility on an area of 14.6 hectares. In addition, Archway is building a component manufacturing facility and separate test facility for a total of 94,400 square feet on the adjacent 16 acres.
This new campus allows NRG to join forces from a number of other institutions while expanding the production of new products. Construction work is in progress and should be completed in November 2019.
Don Dennis and Ben Allen with Archway Advisors represented the landlord in the leasing transaction. Jason Smith with Archway Advisors leads the development team, which includes ARCO Design / Build Southwest and Method Architecture as key members. John Isom, Executive Director of Waller EDC, was instrumental in creating incentives and articulating the benefits of having an office at Waller.
“NRG / AFG chose the location because of the cost per square foot, the area available for expansion, the size of the building and land, the area served by cranes, the ease of working with Waller, the EDC incentives and access to the labor pool there are none. Other industries are in attendance, the Waller CTE program and access to major highway routes that are easy to get on and off with large devices, ”Smith told GlobeSt.com. "In our view, the property is conveniently located in Waller County with easy access to US Highway 290."
Water and sanitary sewers are provided by the City of Waller, telecommunications are provided by AT&T, heavy power on the property (480/3 phase / 1,600 AMPS) is provided by Centerpoint, and natural gas is provided by Centerpoint, Smith said.
Archway first got involved in Waller Industrial Park in 2013 with the acquisition of land and a bespoke building for Premier Coil Solutions, a manufacturer of high-specification coil equipment. The park's other owners and tenants include Cameron International, FC-PRO, a division of Florida Chemical; and Alpha Foods Co.
"We are excited to continue to attract quality companies that see the value of doing what in Waller," says Allen. "Access to quality labor, ease of entry and exit, and availability of utilities are all a huge asset."
Industrial absorption rose from negative territory to a more familiar location in the second quarter, with a strong 2.9 million square feet of industrial space absorbed according to a report by CBRE. The vacancy rate rose by 10 basis points to 5.5%.
Record-breaking totals for companies under construction were reported in the last quarter. 20.5 million square feet of industrial product currently under construction is the highest quarterly figure ever recorded by CBRE research. Last quarter in particular, 11.2 million square feet of new industrial product laid the foundation, bringing the year-to-date total to a solid 13.6 million square feet.