Lee & Associates – Molto Properties Breaks Ground on 290 Northwest Business Center
March 4, 2019 (HOUSTON) – Molto Properties, a privately held, nationally recognized, industrial real estate firm, announced that it has recently broken ground at a site in Northwest Houston for the construction of a 136,651-square-foot distribution center.
The 290 Northwest Business Center, located at 21420 Northwest Freeway in Cypress, will house a spec Class-A, tilt-wall facility on approximately 8.65 total acres. The facility is in the heart of Northwest Houston, which is arguably the strongest industrial submarket in the Houston area.
“Our building is a unique asset to the market in Northwest Houston,” said Chad Parrish, vice president at Molto Properties – Houston. “It offers Highway 290 frontage with excellent access from each direction. A rarity in what is a very tight land market in Northwest Houston.”
Due to substantial residential growth as well as its strong demographics, this area is extremely well-suited to accommodate distribution needs of not only the Houston area but other surrounding markets as well. The distribution center is expected to be completed in August 2019. The facility can accommodate one or two tenants and will feature a 32-foot clear height, ESFR sprinklers, 2,586-square-feet of spec office space, 121 parking spaces, and a loading area with 30 dock-high and 2 drive-in doors.
“We are excited to continue our expansion in the Houston market. We will continue to focus on distribution centers in and around Houston that will give our clients a logistical advantage,” says Todd Naccarato, managing principal at Molto Properties.
Reed Vestal, Taylor Schmidt and Robert McGee with Lee & Associates – Houston will be leading the leasing or selling efforts of 290 Northwest Business Center. Molto Properties is looking to expand extensively in the Houston market with Chad Parrish leading its efforts.
About Lee & Associates
Lee & Associates – Houston is a fully-integrated commercial real estate company with unrivaled capabilities and an unwavering dedication to integrity. Our business-minded brokers specialize in office, industrial and land real estate investments. As the fastest-growing broker-owned firm in the nation, with more than 60 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, visit www.lee-associates.com/houston/.
About Molto Properties
Molto Properties is a privately held real estate investment and management company specializing in the acquisition and development of industrial properties throughout the Country. Molto has built a strong team of professionals with extensive backgrounds in operating, acquiring.