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Boulevard Oaks Business Park by Hines

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Hines Announces Stabilization of Phase I of Boulevard Oaks Business Park and Start of Second Phase

https://www.hines.com/news/hines-announces-stabilization-of-phase-i-of-boulevard-oaks-business-park-and-start-of-second-phase

 

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(HOUSTON) — Hines, the international real estate firm, today announced the completion and stabilization of the 450,000-square-foot first phase of Boulevard Oaks Business Park, and the start of construction on the second phase—which will be comprised of six additional buildings totaling approximately 1.15 million square feet. At buildout, Boulevard Oaks Business Park will consist of 10 Class A industrial buildings totaling approximately 1.6 million square feet of floor area on 120 acres of land.

 

Boulevard Oaks Business Park is the premier corporate logistics park in southwest Houston, located just north of Beltway 8 along West Fuqua Street. The business park lines both sides of West Fuqua Street, a tree-lined, four-lane divided thoroughfare with direct access to a full interchange on Beltway 8; creating an insulated, unique environment in an extremely accessible location.

 

The four-building first phase of the park is currently 95% occupied by eight tenants, with one block of rear-load space remaining, totaling 25,000 square feet. Phase II will consist of six additional buildings—three rear-load facilities between 110,000 and 160,000 square feet, two front-load facilities between 105,000 and 125,000 rentable square feet, and one cross-dock facility totaling 530,000 square feet.

 

The anticipated completion date for the second phase of the project is the third quarter of 2020.

 

Hines Director, Laura Denkler, stated, “We are especially proud of the look and feel within the business park that we are creating at Boulevard Oaks, and have received an incredibly positive response from the market for our efforts. To achieve more than 90% lease up on the first phase at the time of substantial completion of the project is a testament to the location, access, and building quality within the park.”

 

Boulevard Oaks is exclusively represented for leasing by Jim Foreman and Allison Bergmann of Cushman & Wakefield. Burton Construction is the general contractor, and Powers Brown is the architect of record.

 

 

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https://www.virtualbx.com/construction-preview/houston-hines-national-property-holdings-draw-up-two-new-industrial-parks/

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Southwest Logistics Park Sec 2, that will provide more than 1.5 million square feet of light manufacturing and distribution space development on 125 acres.

 

The second business park, northwest of Sam Houston Race Park, proposes almost 2.2 million square feet of industrial space. Both business parks are to be located on undeveloped land.

 

The Hines business park is located north of the Sam Houston Tollway and west of South Post Oak Road.

 

The Houston Planning Commission will consider on Thursday, Dec. 13, a variance request to exceed the intersection spacing for new streets along Fuqua Boulevard, “and to not extend Croquet Street and Whitton Drive through the property.

 

The section under review for this expansion is 84.2 acres north of Fuqua Boulevard and west of Post Oak. In the brief submitted to the commission, Hines claims the proposed Section 2 plat represents a slight modification from the originally approved master plan.

 

The master plan lays out 10 buildings, with the larger portion, 84.2 acres, accommodating six buildings.

Building 5 = 115,267 SF

Building 6 = 111,600 SF

Building 7 = 111,600 SF

Building 8 = 532,440 SF

Building 9 = 108,240 SF

Building 10 = 124,200 SF

 

South of Fuqua Boulevard on the Phase 1 site, 40.7 acres, the buildings are listed alphabetically.

Building A = 115,267 SF

Building B = 78,688 SF

Building C = 156,982 SF

Building D = 78,688 SF

 

The conceptual site plan was prepared by Powers Brown Architecture. Hines is also the developer of Beltway Southwest Business Park, located 1.4 miles west at the northeast corner of Beltway 8 and Fort Bend Parkway.

 

In 2015, Hines acquired about 75 acres to develop Beltway Southwest, a Class A, master-planned business park that would accommodate 950,000 square feet of industrial space. More than 351,000 square feet was constructed by 2016. It includes a 240,000 cross dock building featuring 32-foot clear height and 52-foot by 47-foot column spacing as well as a 110,000-square-foot rear load building with 28-foot clear height and 52-foot by 45-foot column spacing

 

 

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