Keep on truckin’
The U.S. industrial market posted its strongest quarter on record in Q4 2020 as E-commerce drove retail sales throughout the pandemic, increasing demand for industrial space. Occupier demand resulted in 264.7 million SF of new construction completions last year while industrial vacancies remained low at 4.6%. 2021 is looking just as strong, and developers are busy looking for high-growth areas to position new industrial projects. Molto Properties snagged a highly visible site on the 290 corridor for their new Barker Cypress Distribution Center. The 142,100 SF center has easy ingress and egress and is being developed speculatively. It includes 3,574 of office space, 32 dock-high doors and two drive-in doors, 32’ internal clear heights in a space that is divisible to 60,000 SF. Seeberger Architecture designed the building, working closely with Chad Parrish, Principal and director of Molto’s Houston office. Together the firms decided to bring in PRISM to produce an aerial view rendering that would be incorporated in the leasing package to clearly show the property’s vision and visibility from US Highway 290. Brokerage firm Boyd Commercial is handling the leasing.