Park Air 59 in Humble will be one of only a few mixed-use industrial parks in the Houston area once it’s construction is completed during the second quarter of 2019, officials with the developer stated.
Archway Properties Development Manager Benjamin Allen said Humble was the ideal spot to build something like Park Air 59 because of the land’s potential. The development is located at the intersection of Will Clayton Parkway and Hwy. 59. Park Air 59 is only a few miles from an international airport and features easy access to relatively unclogged highways, such and Hwy. 59 and Beltway 8.
“It’s probably one of the largest unimproved tracts of land on a major highway that close to the downtown area and central business district of Houston,” Allen said. “Seeing the growth in Houston and a lot going out west and northwest there was still a little bit of an untapped market in the Humble area. And so we figured that eventually people don’t want to drive that far to get to Houston.”
Originally Park Air 59 was only going to be an industrial distribution park. Allen said Archway Properties discovered the park’s close proximity to FM 1960 and Downtown Humble made the frontage land of Park Air 59 more valuable to retail developers.
The industrial park is over 600,000 square feet and is designed to have a cross dock loading area, dock high doors, a truck court and trailer parking spaces.
Currently Rooms To Go, Sunoco Gas Station and Vital Heart & Vein are tenants in Park Air 59.
Vital Heart & Vein has purchased 4.2 acres in the park for a 65,000-square-foot, three-story medical office building, NewQuest Properties announced. Houston-based Archway Properties has started construction for the cardiology group and plans to complete the building in mid 2018.
Austin Alvis of NewQuest Properties and Preston Cunningham of Cunningham Ventures represented the seller, Archway WC59 Humble Ltd. Jeries Ganim of Commercial Regional Properties of Texas represented the cardiology group.
“The Vital Heart & Vein transaction is critical because we believe it can establish Park Air 59′s medical presence,” Alvis said in a previous announcement.