Press Release brought to you by Colliers International

Molto Properties and Generational Commercial Properties Announce Speculative Industrial Project in Houston

04/23/2014

 

 

Molto Properties announced today plans to design and develop a 166,250 square-foot, state-of-the-art distribution building in north Houston. The industrial project, a first for the company in the Houston market, will be co-developed with Generational Commercial Properties, a commercial real estate development and project management firm based in Austin, Texas.

"We are excited for our first development project in Houston as well as our first venture with Joe Llamas of Generational Commercial Properties," said Todd Naccarato, founder and senior principal of Molto Properties. "The property's convenient access and exceptionally-functional layout will make this very attractive to future tenants."

Located on 19 acres of land at 431 Airtex Drive in Houston, the project features a rear load facility with 30-foot clear height, ample car, and trailer parking and ESFR sprinklers. Additionally, the project's convenient location at I-45 and Airtex Drive grants immediate access to Beltway 8 and Bush International Airport. 

Marketed by Mike Taetz, Bill Byrd and Ryan Byrd of Colliers International, the project is scheduled for completion in fall 2014. Previous Molto Properties' projects include roughly four million square feet with properties in Illinois and California.

 

 

ABOUT MOLTO PROPERTIES

Founded in 2008, Molto Properties is a privately-held, entrepreneurial industrial real estate firm with four million square feet of industrial properties under management. With a primary focus in the acquisition, development and operation of quality industrial real estate, Molto's expertise is acquiring vacant and income-producing assets, land for development, as well as managing and executing speculative developments and build-to-suit transactions.

 

 

ABOUT COLLIERS INTERNATIONAL

Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

Locally, Colliers International | Houston is a full service commercial real estate firm with offices in the Galleria, Sugar Land and The Woodlands, providing integrated services to clients locally and globally since 1957. The staff of more than 98 professionals specialize in the sale and leasing of office, industrial, retail, multi-family, investments, and land properties, valuation and advisory services, and real estate, property, and project management. Find out more at www.colliers.com/houston.  

 

 

 

 

04/23/2014 - 14:43

Source

Colliers International

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