Archway Properties has sold a 71,750-sf manufacturing facility in the 1,655-acre Conroe Park North in Montgomery County to LaserWeld Inc. for its second location in Greater Houston.
Situated on 10.5 acres at 3479 Pollok Dr. in Conroe, the facility was move-in ready at sale time. The Archway-developed building, completed in 2017, features 10-inch thick slab, 10-ton crane and climate-controlled welding areas.
LaserWeld is a sheet and plate metal fabricating company headquartered in Katy, roughly 65 miles southwest of its new operation. Key to the sale is the built-in capability to expand the structure to 129,250 sf and a location in a city with a labor-ready and skilled trades' workforce.
"We built this facility with the future in mind," says Ben Allen, partner in the Houston-based development company. "In a rapidly changing world, it is difficult to predict what industry needs will be required decades from now, but at Archway we endeavor to create functional projects that will stand the test of time."
LaserWeld will be the 40th company in Conroe Park North, which has one of the largest concentrations of manufacturing facilities in Montgomery County. The industrial hub accounts for nearly 4,000 jobs with more on the way as several projects near completion, including a 145,200-sf warehouse for Illinois-based Buske Logistics. Earlier this year, Five Below Inc. opened a $42 million, 715,000-sf distribution center in the park.
"We've put a lot of tools in place that will let manufacturing be successful, such as a Lone Star College satellite campus that offers training in trades like welding," says Danielle Scheiner, executive director of Conroe Economic Development Council." "The labor force here is highly skilled and continues to grow because of the population growth."
Conroe's population hovers 92,000, a city with a good quality of life and available housing at all price points. Conroe Park North is a manufacturing hub deeply focused on the supply chain, underwritten by multiple business incentives that include Foreign Trade Zone and quadruple Freeport Exemptions designations.
Add 1 – Archway
The industrial park was created in the early 1970s by a group of local investors. The city acquired it in the 1990s and expanded it to 1,655 acres. A third four-lane access point to Interstate 45 is under construction.
Scheiner says there has only been one other time a project was vacant in the park during her seven-year tenure and, like Archway's facility, it was immediately backfilled. "We are grateful to Archway Properties that this site will remain in production so residents can continue to have job opportunities," she says. "We are excited to have LaserWeld join the family."
Allen represented Archway in the sale to LaserWeld. Bill Byrd of Colliers International negotiated on behalf of the buyer.
About Archway Properties
With offices in Houston and Dallas, Archway Properties offers a broad range of real estate services to its clients and partners including acquisition, development, project management and asset management. Our principals have successfully completed projects with a total value in excess of $2 billion. For more information, please visit www.archwayprop.com.
