Urban Logistics Realty, Principal JV breaks ground on 542K-SF, The Brickyard, a three-building spec-industrial development in Northwest Houston

5/29/2025

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CPE

• Subcategory: Industrial: Flex, Industrial: Warehouse

• Tag: JV-Partnership | New Construction

• Additional Filters-Subcategory: Industrial: Spec

• Company: Principal Asset Management, Urban Logistics Realty

Urban Logistics Realty has broken ground on The Brickyard, a 542,851-square-foot, three-building business park in Northwest Houston. The campus is scheduled for a second-quarter 2026 completion.

The speculative development is a joint venture between ULR and Principal Asset Management. First United Bank & Trust provided construction financing for this project. Harvey Builders serves as general contractor, Powers Brown as project architect, Kimley-Horn as civil engineer and Pinnacle as structural engineer.