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Betz Realty Building 167,000-SF Industrial Project

HOUSTON-Betz Realty has picked about 10.6 acres in Legacy Park for its next industrial project. Come June, ground breaks on a 166,850-sf project positioned along Beltway 8, the city's next frontier of industrial development, says a broker.

By Jennifer Brenner Andrade | Updated on April 22, 2001

HOUSTON-Locally-based Betz Realty Investors will break ground in June on a 166,850-sf industrial project located on about 10.6 acres in Legacy Park at the northwest corner of Beltway 8 and Fallbrook.

The project will consist of four buildings constructed in two phases. The first phase entails two buildings totaling 89,500 sf. It will be completed in January 2002.

Rick Hollingsworth, Betz’s vice president of industrial development, tells GlobeSt.com that the land is positioned in the city’s next frontier of industrial development. That, he says, has been the primary lure for Betz. The acreage is along the beltway, where there is ample room for new supply unlike its neighboring arteries, Texas 249 and Texas 290. The Texas 290 corridor, says Hollingsworth, is congested and overbuilt with industrial parks. Texas 249 leads straight leads straight to Compaq Computer Corp., a strong asset to Betz’s project. Most brokers agree Compaq’s worldwide headquarters in northwest Houston has made a huge impact on the industrial boom now taking place in the area.

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