United Equities Expands Pasadena Business Park
United Equities has completed the leasing of Phase 1 of its 85.5K SF Beltway-225 Business Park development in Pasadena, and is slated to break ground on Phase 2 within the next 60 days.
Phase 2 of Beltway-225 Business Park will include two additional structures: a 22K SF building and a 24K SF building. Some features will include tilt wall construction, prefinished office areas and the option to expand by an additional 10K SF.
United Equities Vice President Doug Freedman told Bisnow that the buildings in Phase 2 will have a little more outside yard, based on tenant demand in that submarket.
“There is a wide range of tenant possibilities,” Freedman said. “The buildings are crane-served, so they make sense for a typical industrial user, but the Beltway frontage caters [to] someone looking for showroom space.”
Phase 1 encompassed two completed buildings, which have been leased to single tenant users. PTR Holland leased 18.5K SF at 822 East Sam Houston Parkway S building, while Cooper Valves leased 21K SF at 818 East Sam Houston Parkway S building.
NAI Partners’ Travis Land and Michael Keegan represented United Equities in the transactions. Newmark Knight Frank’s Taylor Scheps represented Cooper Valves.
Southeast Houston’s industrial inventory totaled 86.8M SF at the end of the fourth quarter of 2019, ranked only behind northwest Houston for square footage, according to JLL’s most recent industrial report. Houston’s total industrial inventory ended the year at 438.1M SF.
