HOUSTON – Copeland Commercial, LLC, in a joint venture with Hillwood Investment Properties, is scheduled to break ground next month on Interstate Commerce Center (“ICC”), a 717,706 square footage master planned office and logistics park in North Houston. The first phase will total 414,106 square feet consisting of two buildings; a 32’ clear, 284,170 square foot cross-dock building and a 28’ clear, 129,936 square foot front-load building, both delivering in fourth quarter 2014.
The site is strategically located just south of FM 1960 with excellent access and visibility to Interstate 45. The first two buildings will feature state-of-the-art amenities including ESFR sprinkler systems, expansive truck courts and room for both trailer and outside storage. Phase II consists of an additional 20.64 acres available for future development of over 299,070 square feet or build-to-suit opportunities. “ICC’s location is logistically strategic due to its proximity to George Bush Intercontinental Airport, excellent ingress and egress to Interstate 45, proximity to tenant amenities off FM 1960, as well as very low total operating costs due to the competitive CNP MUD rates,” according to Brad Copeland, President of Copeland Commercial.
“We are pleased to partner with a quality real estate developer like Copeland Commercial on this project,” said Chris Brown, Senior Vice President-Joint Ventures, Hillwood Investment Properties. “Hillwood is excited to enter the Houston market and we look forward to pursuing additional joint venture opportunities in the area.”
Stream Realty Partners, a national real estate services, development and investment firm, has been awarded the leasing and management assignment. “Stream is extremely excited to add both Copeland Commercial and Hillwood as strategic clients and attach our name to a state-of-the-art development like Interstate Commerce Center. The ability to work with both savvy groups that are flexible, have ample capital available and a long-term focus on Houston is key to success. We feel ICC’s competitive advantage in the market is its ability to offer visibility from Interstate 45, the opportunity for outside and/or trailer storage and flexibility to demise to accommodate users ranging from 29,190 square feet up to 284,170 square feet. ” said Matteson Hamilton, Vice President with Stream Realty.
Matteson Hamilton and Jeremy Lumbreras of Stream Realty will oversee leasing efforts for the project.
About Stream Realty Partners
Stream Realty Partners (Stream Realty) is a national real estate services, development and investment firm. The firm represents a diverse mix of local, national and international clients and leases and/or manages a portfolio of more than 100 million square feet of industrial, office and retail properties. Founded in 1996, Stream Realty has grown from two partners to more than 450 real estate professionals operating throughout the U.S. For more information, visit www.streamrealty.com.
Hillwood Investment Properties, a Perot company, is ranked as one of the top commercial real estate investors and developers in the country. The company's developments currently house facilities for more than 85 companies listed on the Fortune 500, Global 500 or Forbes List of Top Private firms. Hillwood is best known for its Alliance brand that includes the 18,000-acre AllianceTexas, 4,474-acre AllianceFlorida at Cecil Commerce Center, and 2,000-acre AllianceCalifornia. For additional information about the company, please visit www.hillwoodinvestmentproperties.com or www.hillwood.com.
About Copeland Commercial
Copeland Commercial is a Dallas-based real estate development and investment company whose principal has a 28 year track record in designing, developing, leasing and managing institutional quality commercial and industrial properties. Copeland has negotiated numerous joint venture structures and has a development track record of over 40,000,000 square feet and $2.0 billion in gross asset value. www.copelandcommercial.com