Apr 03, 2023
Levey Group Acquires 38-Acre Tract in Pearland’s Lower Kirby District; Plans Call for City’s Largest Logistic Facility
HOUSTON, TX (November, 2022) – Levey Group acquired a 38-acre tract near the intersection of South Sam Houston Parkway and Almeda School Road where the Houston-based commercial real estate investment and development company will develop Levey Logistics Park. Levey Logistics Park will consist of two Class-A industrial buildings, one cross-dock and one rear-load, spanning approximately 650,000 square feet.
The land parcel is located within Pearland’s Lower Kirby District, a 1,200-acre mixed-use development in northwest Pearland, fronting South Beltway 8 and State Highway 288. The development will have direct access to Beltway 8 (vis-à-vis to be constructed Labrador Road), Riley Road, and Almeda School Road.
The cross-dock distribution building the company has slated for the park is expected to be the largest spec logistics facility developed inside the City of Pearland’s city-limits according to John Wilson, Levey Group’s Director of Development and Acquisition who spearheaded the land purchase on behalf of the company.
“We are bullish on Houston’s southwest submarket, in-part, because of the success we have enjoyed just west of this tract at the Business Center at Five Corners. The two buildings will be available for single and multi-tenant configurations,” says Wilson. “That certainly gives us a great deal of flexibility when it comes to attracting tenants to the project.”
Levey Group worked closely with the Pearland Economic Development Corporation and the City of Pearland who the company says were instrumental in providing the infrastructure required for Levey Group to invest in the city and close on this transaction.
The dual-building project, one of several developed by Levey Group along Beltway 8, will offer tenants excellent visibility along the Beltway 8 freeway and will provide tenants with immediate access to the Sam Houston Parkway and ultimately to I-10, U.S. 59, the Fort Bend Toll Road, Highway 288 and I-45.
Currently in the design phase, construction of the Pearland project is expected to begin Q4 2023.
Levey Group’s portfolio of Beltway 8 projects includes East Sam Houston Business Park, a one million square-foot project currently under design and development on East Beltway 8; Sam Houston Business Park, a 286,000 square foot 4-building development along Beltway 8 in Northwest Harris County; and its most recent project, The Business Center at Five Corners, a 546,000 square foot development along Beltway 8 in southwest Houston less than 2 miles west of where this project is located.
About Levey Group
Levey Group is a commercial real estate investment and development company. Clients include companies needing office, manufacturing, laboratory, warehouse and distribution space in Houston and the surrounding areas. For more information, please visit the company’s website at www.leveygroup.com.
About Pearland’s Lower Kirby District
Lower Kirby is a 1,200-acre mixed-use development in northwest Pearland, fronting South Beltway 8 and State Highway 288. The District is home to office, retail, commercial and industrial projects and continues to expand, particularly in the areas of life science, energy and manufacturing. Existing developments within the Lower Kirby District include life science projects such as Swiss-based Lonza’s viral and immunotherapy development and manufacturing facility – the largest dedicated cell and gene therapy manufacturing facility in the world, Merit Medical’s R&D and manufacturing facility, Cardiovascular Systems, Inc.’s medical device manufacturing facility and Millar’s headquarters, R&D, and manufacturing facility, currently under construction . Other developments in the District include Mitsubishi Heavy Industries Compressor Corporation’s manufacturing and service facility, Dover Energy’s manufacturing and operations facility, Tool-Flo Manufacturing’s headquarters, training and manufacturing facility, Pearland Surgery Center and Bass Pro Shop.