May 16, 2021
Levey Group-Led Partnership Begins Construction on Five-Building Beltway 8 Development
HOUSTON, TX (May 16, 2021) – Levey Group, a Houston-based commercial real estate investment and development company, and ANICO Eagle, a member of American National Group, Inc., have established a joint-venture partnership to develop The Business Center at Five Corners, a Class-A, five-building project along Beltway 8 in the burgeoning southwest Houston industrial submarket.
Located on a 44-acre site inside Beltway 8 between Post Oak Road and Hiram Clarke, the five buildings combine to span 542,090 square feet suitable for single and multi-tenant configurations. The property offers more than one-half mile of Beltway 8 frontage. Burton Construction, general contractor for the project, has begun site preparation with completion expected in the first quarter of 2022.
“Many users of warehouse and distribution space are looking for a modern building design, frontage road visibility and access onto major thoroughfares,” notes David Ebro, president of Levey Group.
Ranging from 68,304 to 138,163 square feet, the front-load, cross-dock and rear-load buildings offer ceiling clear heights from 28-32 feet with 130-foot single-building truck-court and 210-foot shared truck-court dimensions. The property also features 595 surface parking spaces.
Located within the boundaries of the Five Corners Management District, the project was named after its geographical location where the boundaries of Houston, Missouri City, Stafford, Pearland and Sugar Land converge.
“The pandemic accelerated the growing demand for e-commerce, pushing product upstream out of big-box retail stores into warehouses for distribution direct to the consumer,” Ebro adds. “This, combined with the rapid population growth in southwest Houston, strong tenant demand, rapid absorption and strong lease rates in the sub-market all point to the future success of this development.”
CBRE’s Joseph Smith and Nathan Wayne are managing leasing activities for The Business Center at Five Corners.
An active developer of Beltway 8 properties, Levey Group currently is in the early design and development phase of East Sam Houston Business Park, a 67-acre parcel in northeast Harris County at the intersection of East Beltway 8 and C.E. King Parkway where up to one million square feet of warehouse and distribution space is planned.
The company also developed Sam Houston Business Park in the 8800 block of North Sam Houston Parkway West, a four-building project totaling 286,500 square feet of Class A industrial space with front- and rear-load configurations.
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 American National
American National is a family of companies. American National Insurance Company, founded in 1905 and headquartered in Galveston, Texas, and other American National subsidiaries offer a broad portfolio of products and services, which include life insurance, annuities, property and casualty insurance, health insurance, credit insurance, and pension products. The American National companies operate in all 50 states. For corporate and investor relations information, please visit American National’s website at www.AmericanNational.com.
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