PAGEWOOD Acquires Northwest Houston Property and Announces Class A Speculative Industrial Buildout
A 430,000 square foot, two-building infill development will rise in one of Houston’s fastest growing areas
FEATURED PRESS:
HOUSTON, TX – December 3, 2024 – PAGEWOOD, a commercial real estate owner, operator, and developer with a growing regional footprint, announced acquisition of 32 acres of land and plans to build Mosielee Commerce Park—a ground-up, class A industrial speculative development on a desirable property located in northwest Houston near Highway 249.
“We’ve had great success with industrial developments in northwest Houston including our recent build, lease-up, and sale of The Great 290,” said Paul Coonrod, Founder and Managing Principal at PAGEWOOD. “We’re thrilled to acquire this parcel of land, and we look forward to kicking-off construction this month on our ground-up, industrial development and delivering a cutting-edge facility.”
Situated inside of Beltway 8, Mosielee Commerce Park is comprised of two buildings totaling 429,698 square feet situated across 32 acres. Located at 12020 State Highway 249, the first of two buildings is a cross-dock configuration totaling 274,766 square feet with access from Old Foltin Road. The second building, adjacent to Highway 249, is front-load configured and totals 154,932 square feet. Designed by architect, Power’s Brown Architecture, in collaboration with PAGEWOOD’s team, the buildings are characterized by contemporary materials and lines paired with wood accents to punctuate entrances. Six points of ingress and egress were designed throughout the site allowing easy circulation around the warehouse for ideal logistics access.
“We continue to see strong demand for industrial class A warehouse space in the range of 50,000 to 300,000 square feet within Beltway 8,” said Mat Volz, Managing Principal of PAGEWOOD. “With our Lighthouse proprietary technology, we continually assess viable areas for more development and are confident Mosielee Commerce Park will deliver in-demand industrial space positioned at a highly accessible corridor.”
David Buescher and Geoff Perrott with JLL are leasing Mosielee Commerce Park. Nathan Wynne, Brock Hudson & John Fenoglio with CBRE helped secure financing.
Construction of Mosielee Commerce Park is scheduled to begin this month.