TJX Companies Inc., the Framingham, Massachusetts-based parent company of T.J. Maxx, leased 96,597 square feet in Pinto Business Park, as published by CoStar today.
The off-price apparel and home fashions retailer is set to move into the park in December, according to CoStar data. The deal was finalized last month.
TJX's lease is in the 501,349-square-foot building at 600 Fallbrook Drive in Pinto Business Park. Other tenants in the building include Raleigh, North Carolina-based Kitchen Cabinet Distributors and Charlotte, North Carolina-based VS America, a manufacturing company that caters to schools and offices, according to CoStar data.
Nuveen owns 600 Fallbrook Drive. The Chicago-based firm, which was acquired by TIAA-CREF in 2014 but retained its branding, bought three buildings from Hines in Pinto Business Park in 2016. Hines has been developing Pinto Business Park since 2014. When it is complete, the 971-acre business park will accommodate up to 7 million square feet of industrial, manufacturing and corporate campus space, according to Hines. The park is located at the northeast corner of Interstate 45 and the Sam Houston Tollway in north Houston.
Coca-Cola Southwest Beverages is building a $250 million, 1 million-square-foot facility at Pinto Business Park to consolidate its operations. The plant is the first Coca-Cola production facility constructed in the United States in more than a decade.
Houston’s population has been steadily growing in recent years. Between 2017 and 2018, the Houston metropolitan area gained 91,689 new residents, according to U.S. Census Bureau data. That was the third-largest single-year population gain of any U.S. metropolitan area.
And Houston’s industrial market has remained robust in recent years. Houston recorded industrial deal sales volume of more than $3 billion in 2018, according to CoStar data. Houston also has just under 13 million square feet of industrial space under construction.