ALTO Real Estate Funds, in a joint venture with Investment & Development Ventures, has acquired 11.7 acres of land in Katy, Texas, for the development of a 165,900-square-foot, front-load, class A logistics facility.
The joint venture plans to develop a state-of-the-art facility, which will feature 32-foot clear heights, 120 car parking spaces, 32 trailer spaces, 29 dock-high doors and four drive-in doors with ramps. Completion of the project is scheduled for fourth quarter 2021.
The site is located near Houston, the fourth-largest city in the country, at the intersection of Cane Island Parkway and Interstate 10. The property is well located to serve the growing Katy community and for regional and statewide distribution via Interstate 10 and the Grand Parkway. Situated within the West Ten Business Park, a 473-acre deed-restricted, master-planned business park, prospective tenants will have the opportunity to join other prominent users including Amazon, Medline, Igl
