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Northwest 8 will open in Decembert witha 267,000-square-foot distribution building on 16 acree at Beltway 8 and Okanella Road. The site, whichn Proterra has owned since 2000, is locatexd near the southeast corner of the Beltway and Highwayy 290 inNorthwest Houston. Kit Dolan, Proterra' s managing director in Houston, said it will cost abougt $15 million to develop the facility. The distributiob space could be occupied by between one and four but Dolan said none have beensecured yet. Proterra decided to move forward withconstruction now, Dolann said, because existing distribution facilities in Northwestf Houston are more than 95 percent occupied.
This is the last piecwe of land Proterra owns in Houstonfor development, but Dolanh said the firm is looking to buy more in the northwesrt submarket. Proterra also handles third-partyg leasing and management in Houston for roughly 2 million squaree feet ofindustrial space.
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