Hines acquires nearly 80 acres in Beacon Hill from Wolff Cos.

Hines has acquired 78 acres in Wolff Cos.’ 564-acre, mixed-use Beacon Hill development along highway U.S. 290 in Waller, Texas, for a build-to-suit project. 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 and quality in the Beacon Hill development.

“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. We are thrilled to partner with them and build on the success of an established, master-planned development with a premier industrial development. The project is ideally positioned for a build-to-suit tenant due to b