IDV Breaks Ground on Baytown Project

IDV Breaks Ground on Baytown Project

Investment & Development Ventures and Sealy & Co. have started construction on a two-building distribution center totaling 390,000 square feet in Baytown. Tom Lynch and Mark Redlingshafer of CBRE represented IDV in the acquisition of nearly 27 acres at Interstate 10 and Thompson Road and securing Sealy & Co. as equity partner. Read more here:...
IDV Sells GE Oil & Gas Building

IDV Sells GE Oil & Gas Building

An industrial building that GE Oil & Gas — now part of Baker Hughes, A GE Company — has occupied for five years has a new landlord. GBP Properties, a real estate investment firm based out of Monterrey, Mexico, bought the property at 11150 Equity Drive from Houston-based Investment & Development Ventures LLC. The 30,000-square-foot building is in Westway Park just off of Beltway 8 north of Clay Road, according to a press release from CBRE. CBRE’s Tom Lynch and Mark Redlingshafer represented the seller, per the release. “This investment property generated a significant amount of interest from local, regional and national private buyers due to its irreplaceable location with easy access to Beltway 8 and a tenant with strong credit,” CBRE Executive Vice President Tom Lynch said in the release. London-based GE Oil & Gas had a major presence in Houston even before it merged with Houston-based Baker Hughes Inc. last summer to form Baker Hughes, A GE Company (NYSE: BHGE). The combined company has dual headquarters in Houston and London, and it had 64,000 employees as of Dec. 31, the majority of whom are based outside of the U.S, according to a filing with the Securities and Exchange Commission. The company’s consolidated revenue for 2017 was nearly $17.26 billion, per the filing. Meanwhile, CBRE expects “the strong appetite for Houston industrial product to continue,” Redlingshafer noted in the release. “According to CBRE research, there is a strong demand for industrial space in the northwest and southeast Houston submarkets; more than half of the absorption for the first quarter of 2018 came from those two submarkets,” the release states. “In addition, vacancy rates in the Houston industrial market are the lowest they...
Park 225 Building 1 Ready for Occupancy

Park 225 Building 1 Ready for Occupancy

IDV and their partner, Summit Realty Ventures, announced today that Park 225 Building 1 is shell complete and ready for occupancy. The ~121,000 SF multi-tenant spec building is located in Pasadena, TX, in the Park 225 Office Complex. The Spec building is divisible in size from 18,720 SF to over 121,000 SF and features 24’ clear height, 31 dock high doors, 4 grade level doors and 1,200 amps with 3 phase power. The Class ‘A’ Conventional Construction facility has a TPO roof and offers rear load, dock high truck access. Construction commenced in August 2016 on ~3,604 Spec Office Suite which will occupy the Northeast corner of the building. The anticipated completion date is September 2016. Other tenants in Park 225 include Flowserve Seals and Valves QRC Divisions and Flowserve Pumps. All buildings have direct access to Highway 225 and Beltway 8 with the Houston Ship Channel located less than 2 miles...
US Hose Delivered on Time

US Hose Delivered on Time

IDV provided construction management services for Cabot Properties on the delivery of an office, warehouse and manufacturing facility for new tenant, US Hose, at Reed’s Landing Business Park, Building ‘A’ in May 2016. US Hose is the second tenant to sign a lease at Building ‘A’ and will occupy Suite 400 which comprises ~34,340 SF of the ~153,347 SF building. US Hose’s new space occupies the southwest corner of the building and includes ~3,352 SF  Office, ~15,494 SF Warehouse and ~15,494 Shop area.  They are a global manufacturer of flexible metal, Teflon and composite hose products, systems and assemblies. Building ‘A’ has ~64,722 SF of space available for lease in two separate suites. Suite 100, the larger of the two units available, is ~42,000 SF and Suite 300 is ~22,000 SF. Building ‘A’ is the first of 4 planned buildings in the Reed’s Landing Business Park complex located just minutes from George Bush International...
Phase III Underway for Major Oil and Gas Support Services Company

Phase III Underway for Major Oil and Gas Support Services Company

IDV completed the 8th building for a major Oil and Gas Support Services Company at their industrial campus in February and started the 3rd phase of construction commencing on a new manufacturing facility in June 2016. The latest building added a ~68,953 SF office, training center and warehouse facility to the growing compound. The company’s new office building completed Phase II of planned developments on the campus. In addition to the construction of the building, a loop road was poured and an additional ~5 ½ acres of scaffold laydown yard was added. The campus now totals over 300,000 SF of warehouse, office and manufacturing facilities and is located on over 123 acres in Houston’s east side. Phase III calls for a planned ~100,000 SF additional facility for manufacturing operations, and additional site improvements.  Anticipated completion date is January...