April 21, 2017
Houston – Transwestern today announces Houston-based Bel Furniture will open 415,296 square feet of new showroom and distribution space at West Ten Distribution Center on Interstate 10 at Cane Island Parkway in Katy, Texas. The two-building speculative project includes a 74,793-square-foot showroom and an adjacent 340,503-square-foot distribution center.
In 2014, Transwestern Development Co. purchased 75 acres in West Ten Business Park, a 450-acre, master-planned park, from Houston-based Parkside Capital for an undisclosed amount. More than 42 acres of the original purchase are available for future development, build-to-suits or sale to end users.
“The completion of the Grand Parkway has been a game changer for the west Houston submarket,” said Pete Johnston, Senior Vice President at Transwestern Development Co. “In addition, the completion of Cane Island Parkway provides West Ten users immediate access directly from Interstate 10. West Ten Distribution Center is the preeminent park in west Houston and a viable solution to the current lack of high-quality space in the west Houston area.”
Bel Furniture has evolved into one of the foremost furniture retailers in Texas with over 350 employees,
15 locations and three distribution centers throughout Houston, Humble, Webster and Beaumont, including a mega showroom in San Antonio.
“We have been looking for an opportunity to open a large retail and distribution operation in west Houston to serve our expanding customer base, and West Ten was an ideal fit for us based on the quality of the new buildings, strategic location, visibility and access to Interstate 10,” said Jamal Mollai, Owner and Founder of Bel Furniture.
Transwestern’s Brian Gammill represented the owner, a Transwestern Development Co. partnership, and Billy Gold of CBRE represented Bel Furniture.
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Houston office, follow @TranswesternHOU.