News Summary
Houston welcomes a new business park as Urban Logistics Realty breaks ground on The Brickyard. Spanning over 542,851 square feet, this 39-acre development near major highways aims to create ample opportunities for businesses. With a focus on modern design and sustainability, The Brickyard is set to change Houston’s industrial landscape, supported by strong financial backing and expertise. Completion is targeted for 2026, marking a significant step forward for the local economy and community.
Houston Begins Construction on New Business Park
Houston, Texas – Urban Logistics Realty (ULR) has officially broken ground on a new development named The Brickyard, which will span 542,851 square feet across three buildings. The business park is strategically located at 5020 Acorn Street in Northwest Houston, and it is scheduled for completion in the second quarter of 2026. This project is a joint venture between ULR and Principal Asset Management, highlighting a collaborative effort to enhance the industrial space within the region.
Project Details
The Brickyard is designed to accommodate a range of users looking for space from 30,000 to 542,851 square feet. It will feature a variety of industry-leading standards, including ample parking for both automobiles and trailers, as well as speculative office space. The development aims to achieve LEED Certification, which reflects a commitment to sustainability and environmental responsibility.
Key Partnerships and Financing
Financing for the construction is being provided by First United Bank & Trust, with Harvey Builders serving as the general contractor for the project. The architectural design is being handled by Powers Brown, while civil engineering is managed by Kimley-Horn. The structural engineering for The Brickyard is provided by Pinnacle.
Location Advantages
The site spans 39 acres and is advantageously located near major transportation routes such as Highway 290 and Interstates 45 and 610, facilitating easy access for logistics and distribution. Additionally, George Bush Intercontinental Airport is situated just 18 miles away, further enhancing the park’s logistical capabilities.
Market Context
The construction of The Brickyard comes at a time when the Houston industrial space market is experiencing growth. In the first quarter of the year, the area noted a positive net absorption of 792,000 square feet, even as overall vacancy rates have climbed. Currently, the construction pipeline in Houston remains robust, with an estimated 11 million square feet under development, although much of that space is not yet preleased.
Commitment to Community and Industry
ULR’s Vice President, Zach Stull, has expressed a commitment to redefining industrial real estate and creating constructive impacts on local communities through developments like The Brickyard. Additionally, Colin Frye, Senior Asset Manager at Principal Asset Management, noted an enthusiasm for the project due to its prime infill location, positioning it well for future tenants and users.
Previous Developments
Urban Logistics Realty has a proven track record, having previously developed 6.5 million square feet of industrial projects across Texas. The Brickyard represents another step in ULR’s strategy to provide high-quality industrial spaces that meet the demands of modern businesses while also focusing on sustainability and community impact.
Deeper Dive: News & Info About This Topic
- VirtualBX: Urban Logistics Breaks Ground on Business Park in Northwest Houston
- Google Search: The Brickyard Houston Business Park
- ConnectCRE: Work Underway on 542K SF Houston Warehouse Venture
- Encyclopedia Britannica: Business Park Development
- Houston Chronicle: Galveston County Minor League Hockey
- Google News: Houston Industrial Real Estate
