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Northwest 8 will open in December witha 267,000-square-foot distributionn building on 16 acres at Beltway 8 and Okanella Road. The which Proterra has owned since 2000, is located near the southeastf corner of the Beltway and Highway 290 in Northwest Kit Dolan, Proterra's managing director in said it will cost about $15 million to develop the facility. The distribution spacer could be occupied by between one andfour tenants, but Dolanb said none have been secured yet.
Proterra decidec to move forward withconstruction now, Dolan said, because existing distribution facilitiez in Northwest Houston are more than 95 percent This is the last piece of land Proterra owns in Houston for development, but Dolan said the firm is lookinh to buy more in the northwest submarket. Proterraq also handles third-party leasing and management in Houstoj for roughly 2 million square feet ofindustriakl space.
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