Hines Goes First in Beacon Hill for Industrial BTS

 

By Lisa Brown, Connect CRE

Hines recently acquired 78 acres in Wolff Companies’ 564-acre mixed-use Beacon Hill development along highway U.S. 290 in Waller, TX for a build-to-suit project. This is the first industrial sale in the development.

Wolff Companies previously sold 270 acres to Long Lake Ltd. to develop a residential subdivision in the northern section of the master-planned community. The sale price was undisclosed.

Located west of Beacon Hill Boulevard and fronting U.S. 290, the Hines project can fit up to 1.3 million square feet of distribution, manufacturing or logistics space with flexibility on the ultimate site plan. The project will feature industry-leading building characteristics which are consistent with the Hines’ brand and with the integrity of the Beacon Hill development.

NAI Partners’ John Simons, Gray Gilbert and Chris Haro represented Wolff Companies in the transaction. The project is being marketed by NAI.

“Beacon Hill is an immediately actionable large-scale industrial site with utilities in place today thanks to the foresight and work done by Wolff Companies and the city of Waller. The project is ideally positioned for a build-to-suit tenant due to both location and the business-friendly environment of Waller,” said Laura Denkler, managing director at Hines.

Located directly along the newly reconstructed U.S. 290 route in Waller County, Beacon Hill provides visibility and connectivity to Houston, Brenham, College Station and Austin.

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