Summit Real Estate Group is pleased to announce that construction is underway at its Fannin II and Mesa East projects. The ground-up industrial developments are located within separate submarkets in Houston, Texas. The infill land sites were acquired off market during the second half of 2019 on behalf of Summit’s Arrowrock Income & Growth Fund III (AIGF III).
Corporate Center Fannin II will be a Class A, 151,342 SF multi-tenant warehouse with a front-load truck court directly contiguous with Summit’s Fannin I building. Located in the Southwest Far industrial submarket, the building is ideally situated south of Houston just outside Loop 610 and Hwy 288 providing direct access to all of Houston’s major business centers. Fannin I and II benefit from their proximity to the NRG Center (2 miles), Texas Medical Center (3.5 miles), and Downtown Houston (7 miles).
Mesa East Industrial Park will be a Class A, 134,454 SF multi-tenant warehouse with a front-load truck court. Located in the Northeast Hwy 90 industrial submarket, the building is ideally situated northeast of Houston just outside Loop 610 providing direct access to all of Houston’s major business centers. Mesa East benefits from its proximity to the Union Pacific Settagast Intermodal Terminal (3 miles), Union Pacific Englewood Rail Yard (4 miles), and the Port of Houston (7.5 miles).
Fannin II and Mesa East are scheduled to be delivered Q2 2022. Transwestern serves as the leasing broker for Fannin II and CBRE serves as the leasing broker for Mesa East.