Triten Real Estate Partners Breaks Ground on Final Building in Intrepid Business Park
- Oct 16, 2014
Triten Real Estate Partners, a subsidiary of Triten Corp., announced the ground-breaking for the final industrial building at Intrepid Business Park. Located in Houston’s northwest industrial market, the Class A industrial park fronts Brittmoore Road and features easy access to Beltway 8, Interstate 10 and Highway 290.
Stream Realty Partners will handle leasing for the project, with Justin Robinson and Jeremy Lumbreras in charge. “Intrepid has already been an overwhelming success, and we are looking forward to continuing that momentum. We were fortunate to add a high-caliber, Fortune 500-ranked company to the tenant roster in the project’s last building, and we are confident the new delivery will appeal to the same type of tenants,” said Jeremy Lumbreras, senior associate with Stream Realty.
Upon build out, the 86,250-square-foot asset will be a front-load, tilt-wall distribution building that will feature various amenities – 30-foot clear heights, an ESFR sprinkler system, a spacious truck court and an acre of outside storage. The asset is designed to accommodate one or more tenants and has been slated for completion in the first quarter of 2015.
“The first three buildings in the project, totaling nearly 200,000 square feet, were very well received by the market. Our latest state-of-the-art building will be built on the last remaining land parcel and will round out Intrepid Business Park. We are very excited to deliver it at a time of continued robust industrial fundamentals and look forward to the continued success of the park,” said Scott Arnoldy of Triten Real Estate Partners.
Houston’s northwest industrial market has been doing quite well. According to CBRE’s research data for the third quarter of 2014, from 133.4 million square feet of developed industrial space, only 5.5 million square feet remains vacant, giving it a 4.1 percent vacancy rate.
Rendering courtesy of Triten Real Estate Partners