PASADENA – GTIS Partners has acquired a 26-acre tract in the Park 225 commercial business park to develop a 484,000-sf industrial project.
The project at Beltway 8 and SH 225 will include two warehouses, each accommodating one to four tenants.
The 355,000-sf cross-dock building will be 510 ft deep and have 36-ft clear height. It will have parking spots for 280 cars and 67 trailers.
The other building will be a 129,000-sf rear-load warehouse with 32-ft clear height, 180-ft depth, and 102 car and 26 trailer parking spots.
Estimated completion is summer 2024.
Dosch Marshall Real Estate represented GTIS in the land transaction, while Arnett Commercial Properties and Axiom Advisory Group represented the seller, Emerson Electric Co.