By Kather­ine Feser

Clay De­vel­op­ment bet­ting on NE Hous­ton mar­ket

Houston Chronicle Sunday - - PRIME PROPERTY - kather­ine.feser@chron.com twit­ter.com/kfeser

Clay De­vel­op­ment & Con­struc­tion is bet­ting on north­east Hous­ton for its next in­dus­trial project.

The Hous­ton-based de­vel­oper will start work Dec. 1 on a 214,300-square-foot spec­u­la­tive dis­tri­bu­tion cen­ter on 11.2 acres at the south­east cor­ner of North Lake Hous­ton Park­way and East Sam Hous­ton Park­way North. The cross-dock dis­tri­bu­tion build­ing, which could be ex­panded to 385,000 square feet, will be part of the com­pany’s 45-acre Shel­don Busi­ness Park.

“Shel­don Dis­tri­bu­tion Cen­ter I is the only large, new dis­tri­bu­tion fa­cil­ity avail­able for lease or pur­chase in this strate­gic Belt­way lo­ca­tion be­tween Bush In­ter­con­ti­nen­tal Air­port and the Port of Hous­ton,” Clay De­vel­op­ment & Con­struc­tion pres­i­dent Robert Clay said in an an­nounce­ment. “We are pi­o­neer­ing the un­der­served north­east mar­ket with newly built, next-gen­er­a­tion dis­tri­bu­tion space as we have in other sub­mar­kets, such as 288 and the port.”

The prop­erty is just south of McCord De­vel­op­ment’s 4,000acre Gen­er­a­tion Park mixed-use de­vel­op­ment, which is also draw­ing in­dus­trial users.

The new dis­tri­bu­tion cen­ter will have 32-foot clear-height ceil­ings, a 135-foot truck court and park­ing for more than 100 em­ploy­ees. The build­ing will go up next to a 59,200-square-foot man­u­fac­tur­ing fa­cil­ity Clay built for ar­chi­tec­tural me­tal pro­ducer Licht­git­ter in 2015.

The project is in an area where hous­ing starts have jumped by 11.5 per­cent in the last year and is close to a skilled la­bor pool in the Shel­don Road-Chan­nelview area, Clay said. Hous­ing growth fu­els de­mand for in­dus­trial build­ings, which house both e-com­merce ten­ants seek­ing spa­ces close to their cus­tomers to speed de­liv­ery times, as well as build­ing ma­te­ri­als sup­pli­ers.

The build­ing could ac­com­mo­date up to four ten­ants, Clay said. Po­ten­tial ten­ants in­clude sup­pli­ers of prod­ucts such as plumb­ing, floor­ing, elec­tri­cal or air con­di­tion­ing.

Most of the new in­dus­trial build­ings go­ing up in Hous­ton are in the north­west, south­east and north sub­mar­kets. Those mar­kets ac­count for 86 per­cent of the 8.3 mil­lion square feet un­der con­struc­tion, ac­cord­ing to the JLL real es­tate firm.

Other spec­u­la­tive in­dus­trial projects are go­ing up closer to Bush In­ter­con­ti­nen­tal Air­port. Hous­ton-based Arch­way Prop­er­ties and Ridge­line Prop­erty Group of At­lanta are de­vel­op­ing a 685,400-square-foot ware­house tar­get­ing e-com­merce ten­ants at Park Air 59 at U.S. 59 and Will Clay­ton Park­way. The project, also be­ing de­vel­oped be­fore se­cur­ing ten­ants, will wrap up about the same time as Shel­don Dis­tri­bu­tion Cen­ter I in the sec­ond quar­ter.

John Fer­ruzzo, John Si­mons and Ryan Searle of NAI Part­ners, along with Char­lie Christ of Clay De­vel­op­ment & Con­struc­tion, will han­dle leas­ing.

Frost Bank pro­vided con­struc­tion fi­nanc­ing.

Clay De­vel­op­ment & Con­struc­tion /

Clay De­vel­op­ment & Con­struc­tion will soon start work on a 214,300-square-foot dis­tri­bu­tion cen­ter in Shel­don Busi­ness Park.

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