Halberdier Real Estate has big plans for its 47-acre tract located at the southwest intersection of Hardy Toll Road and Riley Fuzzel.
The land sits approximately two miles from the Exxon Mobil campus in Spring.
“Exxon is just a mile away as the crow flies – and The Woodlands is right there,” said managing principal Trey Halberdier.
He said that as more companies move into The Woodlands and surrounding areas, the need for industrial and office space will increase.
The privately held real estate investment, development, advisory and management firm is headquartered in The Woodlands and focused on investing in its own backyard.
The company closed on 40 acres in October and added a few more parcels to the site, according to Halberdier.
“It’s an assemblage of multiple tracks,” Halberdier said. “And it calls for a mixed-use development.”
He believes the “North Hardy Business Park” property would be a prime spot for office and industrial use.
“We’re even looking at multifamily uses,” Halberdier added. “We’re letting the market be the expert. We’re open.”
The location is ideal for businesses because of its proximity to the new Grand Parkway, he said.
The site is about 1,000 feet south of the roadway – and the toll road makes for added convenience.
The tract also is only a 10-minute drive to the airport, Halberdier added.
“That’s a major plus,” he said. “Access is key.”
The site will provide plenty of room to grow, Halberdier development advisor Bobby Wheless said.
“Visibility and mobility are key,” he said.
He said that while there are several undeveloped acres nearby, North Hardy Business Park has an advantage.
“Very little land is free of flood and wetland issues, which can stifle real estate development,” Wheless said.
He said that the Energy Corridor has served as a model for the project.
“We’ve found that other majors migrate to the same vicinity as Exxon,” Wheless said. “We think there will be a similar phenomenon in our vicinity.”
Office demand has already increased in The Woodlands, he added.
We think the trend is going to continue,” Wheless said. “Major companies want all the benefits of being within a few minutes drive of one of the largest corporations in the world.”
He said companies will be even more interested in the area once the Grand Parkway construction is completed.
“Time is of the essence,” Wheless said. “The Grand Parkway and the Exxon Mobil campus are both being delivered at roughly the same time next year.
“Once the market sees the completed infrastructure, we think other corporations will flock to the area.”
Halberdier expects most of the construction to be buildings in the range of 20,000 to 30,000 square feet.
“Our priority right now is getting utilities on the site,” he said. “First thing’s first.”
He said the land has already stirred interest in the corporate community.
“We’ve had a few Fortune 500 companies call,” he said. “And there’s been some smaller, five to 10-acre inquiries as well.”
Halberdier said he would consider building-to-suit or collaborative development for the right company.
In the meantime, Wheless said the focus is on developing the site’s infrastructure to make it even more appealing.
“We’re working on site planning,” he said. “Then we’ll be launching our marketing project to attract users.”
For more information, call 281-362-2829 or go to thehrealestate.com.