Katy-area industrial parks: Hines cancels project, Clay to break ground

One industrial park in the Katy area has been called off, but another one nearby is about to break ground.

Houston-based Hines has canceled plans to develop Pintail Crossing with land owner Katy Partners Ltd., Community Impact reports. Plans for the 150-acre Class A business park were announced in May. The Houston Business Journal reached out to Hines for more information, but the company had no comment at this time.

At its Dec. 10 meeting, the Katy City Council approved annexing the 150-acre tract…

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!