expecting new industrial properties in Bridgeport, CT; Albuquerque, NM; and Los Angeles to open in Q4, all of which will be larger than 2 million square feet. However, the e-commerce giant’s expansion was matched by tradi-
tional brick-and-mortar companies pushing to meet new online demand. For example, the sixth largest Q4 completion is a distribution center to be occupied by clothes retailer Ross in Houston. Two more large indus- trial properties (owned by Floor &
Decor and Clayco) are also slated to be completed this quarter in Hous- ton. The tech sector was also repre- sented on the list, as chipmaker Intel expects an expansion of its facilities in Portland, OR, to be finalized in December, increasing its industrial space presence in the city by 1.5 mil- lion square feet. All of the aforementioned properties are owner-occupied or purpose-built, single-tenant facilities. However, two properties—both of which are being built in metro Philadelphia—are among the 15 largest in this quar- ter’s pipeline that did not have a pre-contracted tenant: The 1.3-mil- lion-square-foot 780 South DuPont Hwy. and the 1.2-million-square-foot continuation of the same trends that presented themselves at the beginning of the pandemic: The widespread popularization of online shopping meant that retailers of all types scrambled to set up the logistics necessary to fulfill the wave of orders. Simultaneously, pressure on global supply chains bled into the industrial real estate market as properties in port markets became increasingly sought after. With 500 million square feet of industrial stock under construction and a further 500 million in the planning stages, supply may pick up to meet demand. Even so, some markets may continue to see similarly low vacancy levels well into 2022, with market conditions constantly shifting. • Tristate Distribution Center. In many ways, 2021 saw a
The Largest Industrial Properties to Be Completed in Q4 2021
RANK PROPERTY NAME
METRO
LOCATION
COMPLETION SQUARE FOOTAGE OWNER
1 GIGA TEXAS
AUSTIN, TX
DEL VALLE, TX DECEMBER 4,000,000 TESLA
PFLUGERVILLE, TX
2 2000 EAST PECAN STREET
AUSTIN, TX
OCTOBER
3,800,000 AMAZON
AMAZON DISTRIBUTION CENTER -1215 KENNEDY ROAD
BRIDGEPORT NEW HAVEN, CT WINDSOR, CT
3
NOVEMBER 3,600,000 AMAZON
ALBUQUERQUE, NM
ALBUQUERQUE, NM
4 PROJECT CHICO
OCTOBER
2,500,000 BH DEVCO
SAKIOKA FARMS BUSINESS PARK - AMAZON ROSS STORES DISTRIBUTION CENTER INTEL RONLER ACRES CAMPUS - EXPANSION
LOS ANGELES, CA
5
OXNARD, CA
OCTOBER
2,315,252 AMAZON
6
HOUSTON, TX BROOKSHIRE, TX NOVEMBER 2,165,000 ROSS STORES
PORTLAND, OR - WA
7
HILLSBORO, OR DECEMBER 1,510,650 INTEL
8 5320 CEDAR PORT PKWY
HOUSTON, TX BAYTOWN, TX DECEMBER 1,502,838 FLOOR & DECOR
9 18800 BLOCK OF EAST INDUSTRIAL HOUSTON, TX NEW CANEY, TX DECEMBER 1,500,400 CLAYCO
PHILADELPHIA, PA-NJ-DE-MD NEW CASTLE, DE NOVEMBER 1,350,000 AMAZON
10 780 SOUTH DUPONT HWY
MAJESTIC COMMERCENTER - SHAMROCK FOODS
11
DENVER, CO
AURORA, CO
OCTOBER
1,300,000 SHAMROCK FOODS
INLAND EMPIRE, CA
12 728 WEST RIDER STREET
PERRIS, CA
DECEMBER 1,203,449 DUKE REALTY
TRISTATE DISTRIBUTION CENTER -BUILDING 1
PHILADELPHIA, PA-NJ-DE-MD
PENNS GROVE, NJ
13
DECEMBER 1,202,230 PANATTONI DEVELOPMENT
With previous experience as a freelance writer, Lucian Alixandrescu has been applying his research skills as a copywriter for CommercialCafe and PropertyShark since 2019. His work has been featured in numerous publications including Bisnow and Forbes.
14 PROJECT REPEAT BIRMINGHAM, AL
BESSEMER, AL OCTOBER
1,200,000 CLAYCO
MEDLINE DISTRIBUTION CENTER
CAROLINA TRIANGLE, NC ELLAND, NC
15
NOVEMBER 1,200,000 MEDLINE INDUSTRIES
COMMERC IAL REV I EW : : 13
Data provided by Commercial Edge
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