In 2018, Hines acquired 107 acres at the southeast corner of the Sam Houston Tollway (Beltway 8) and Gessner Road in the heart of the northwest submarket of Houston. Hines will develop over 3 million square feet of industrial/logistics space and will offer an amenity retail center on the Beltway 8 frontage along with a business-class hotel.
Hines is currently completing design for the two-phase logistics park, now branded as Grand National Business Park, whose first phase will consist of more than 2.9 million square feet of logistics space. When delivered, the project will be the newest large, modern format distribution park in the northwest submarket of Houston and able to meet requirements of 20,000 square feet to 1 million square feet. In addition, the park will also offer tenants access to the to-be-developed amenity retail center, as well as a hotel concept.