HOUSTON--(BUSINESS WIRE)--Lovett Industrial, the Houston-based real estate investment firm, has begun construction on Nexus North Logistics Park, a 567,140-square-foot cross-dock class A industrial facility, located in Houston, Texas.
The project is in the heart of Houston’s north submarket, only a few minutes’ drive from Bush Intercontinental Airport. Located directly off I-69 and Greens Road, the site also benefits from quick access to Beltway 8. Additional highlights include excellent proximity to a strong labor force, and a central location with the ability to reach an estimated 28+ million people by truck.
Seth Flechsig, Lovett’s market leader for central and south Texas stated, “Nexus North will meet the growing demand for modern industrial buildings in north Houston and is currently the only building in the submarket under construction that is greater than 500,000 square feet. We’ve designed Nexus North as a flexible building that can accommodate one large user or multiple tenants. In addition to the flexible design, our future tenants will benefit from immediate access to I-69 and Beltway 8, as well as the planned improvements to Greens Road.”
Nexus North Logistics Park will feature a 36’ clear height, 7” reinforced concrete slab, 104 dock-high doors, 135’ truck courts, and ample trailer parking. Construction began in August 2022 and is expected to be completed in May 2023.
Marketing and leasing efforts for Nexus North Logistics Park will be exclusively handled by Greg Barra & Conrad Bernard of Boyd Commercial. Construction financing is being provided by Nashville Based, Pinnacle Bank. Burton Construction is the General Contractor, Stephen Klimas of MORE Architecture Studio is the lead architect, and Lester Jones of ALJ Lindsey, LLC is serving as the project’s civil engineer.
Nexus North Logistics Park is one of eight greater Houston area developments for Lovett Industrial; other projects include NOVA Logistics Park, NorthPort Logistics Center, Fort Bend Business Park, Fairway North Logistics Park, 99 North Logistics Park, 610 Business District, and Interchange 249, which upon full completion will comprise approximately 11,500,000 square feet. Lovett Industrial currently is active in 6 additional markets across the U.S. and has more than 7 million square feet of projects currently under construction companywide.
About Lovett Industrial:
Founded in 2020 and based in Houston, Texas, Lovett Industrial is a privately held vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality. Currently active in 7 markets across the United States, Lovett Industrial’s portfolio consists of approximately 7 million square feet of warehouses under construction and in excess of 10 million square feet of warehouses planned for future development. Lovett Industrial’s founders have combined over 60+ years of experience in the commercial and industrial real estate sectors. For more information, please see our website at www.lovettindustrial.com.