Crow Holdings Industrial announces 530,000-square-foot industrial development in north Houston
October 2018 - JLL completes land sale, selected to lease Layne Crossing
JLL today announced Dallas-based Crow Holdings Industrial purchased 45 acres of land within Greens Crossing Business Park for the development of a 530,000-square-foot industrial project named, Layne Crossing. Crow Holdings Industrial purchased the land from Dallas-based Sarofim Realty Advisors. JLL’s Richard Quarles and Bubba Harkins represented Sarofim Realty Advisors in the transaction. Cory Driskill and Travis Covington of Crow Holdings Industrial represented themselves in the transaction.
Layne Crossing will encompass six industrial warehouse buildings including two front load buildings, two rear load buildings, one cross-dock building and one side load building. They will range from 56,400 to 174,000 square feet. Additional features of the project will include large truck courts, trailer storage, and clear heights ranging from 24 to 32 feet.
Situated in the north industrial submarket, the development will offer frontage along Beltway 8 and direct access to Interstate 45. Additionally, the project is proximate to Bush Intercontinental Airport.
“The addition of Layne Crossing to our portfolio exemplifies Crow Holdings Industrial’s commitment to developing quality assets in strategic locations. Layne Crossing offers multiple points of access to two major freeways, excellent branding opportunities with frontage on Beltway 8 and I-45, and the opportunity for companies to locate their business in a high quality well maintained business park,” said Driskill.
Layne Crossing is set to break ground in January and will deliver in the fourth quarter of 2019.
“With a variety of building configurations and sizes, Layne Crossing will be a flexible development that can accommodate and support users from any number of industries,” said Quarles, who along with Mark Nicholas, Geoff Perrott and Joe Berwick will market and lease the project for Crow Holdings.
According to JLL research, the north industrial submarket has captured 28 percent to total market leasing activity year-to-date, with 4.1 million square feet of leasing so far this year.
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