In a rare move, an office building in Houston’s Greenspoint area is being torn down to make way for an industrial space. Brennan Investment Group has purchased the vacant two-story, 135,000-square-foot North Belt Office Center V with plans to build a 157,300-square foot speculative distribution center. The warehouse will have 32 feet of clear height and 225 feet of building depth along with an ESFR sprinkler system and 185 foot truck court. Estimated completion is third quarter 2021.
The conversion from office to industrial makes sense in light of Houston’s extremely high office vacancy rates and low rents compared to booming industrial real estate across the city.
