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Dear
Friends,
 The
North Belt/Intercontinental Business Corridor continues to
be a very active part of the metropolitan region. Over $2.8
billion of new construction is underway at George Bush Intercontinental
Airport, including the new state-of-art Terminal E. Many new
companies, such as Devon Energy Products Co., are locating
distribution facilities in the area. More than 65,000 people
are employed in the North Belt/IAH corridor, earning almost
$3 billion in annual payroll. Over 50 multinational corporations
have corporate offices there and about 20 of those locations
are U.S. or world headquarters.
In Interwood,
Wolff
Companies'
440-acre, master-planned office and business park, we have
a 16.5-acre tract that is perfectly suited for a new service
center development. The site fronts in FM 525, a six-lane
thoroughfare that provides quick access to US 59, Hardy Toll
Road and I-45. It can easily be subdivided to provide a phased
development program.
Please
click here for a detailed plat of Interwood.
Please
click here for an aerial view of the North
Belt/IAH Corridor.
In
other Interwood news…Averitt Express is the most
recent addition to Interwood's A-list roster of distribution
facilities, including Federal
Express,
the U.S.
Postal Service,
US
FoodServices
and Prime Source, all of which are major regional facilities.
ExxonMobil, First
Health,
and Administaff are among the many other owners and
tenants located in the heavily wooded
Interwood
environment.
A global freight transporter, Averitt is expected to
start construction on its state-of-the-art service center
on 30 acres prior to year-end.
To date, Interwood
has landed more than $125 million in investment and
over 1.7 million square feet of office and distribution
center development. Interwood is just minutes from some of
Houston's newest master planned communities such as Fall
Creek, Park Lakes, Summerwood and Eagle
Springs. These residential projects offer a variety of
housing, priced from the $200,000 - $300,000 to well over
$1 million.
For
more information on Interwood
or any of Wolff Companies' properties in the Houston area,
please visit us at www.wolffcompanies.com
or give me a call.
Thank
you,
David W. Hightower, CCIM, CRE
Executive Vice President
Wolff Companies
20 Briar Hollow Lane
Houston, TX 77027
e-mail: dwh@wolffcompanies.com
telephone: 713-626-8050
fax: 713-626-3093
www.wolffcompanies.com
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