Hawkview Industrial Park - Midland, TX
Jul 16, 2020
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CREDE is developing a 320 acre industrial parcel called Hawk View Industrial Park in the center of the Permian Basin in Midland, TX. CREDE's President, Thomas Reiter said "CREDE has had great success developing the Hawk View Industrial Park, which is at 50% completion. Our location, quality of construction, various parcel and building sizes and our local team of partners has allowed us to be amongst the industry leaders in Midland, TX. The development is focused on build-to-suits for industrial tenants with a concentration on energy service companies."
NNN leased portfolio comprised of new construction and leased to creditworthy companies focused on servicing side of energy sector
16 Leases (17 buildings) on 78.92 acres (4.8 acres per location on average)
Buildings range in size from 7,500 SF to ~20,000 SF
Excess land for tenants to expand
Total of 215,862 rentable square feet
Mitigate volatility in oil & gas market pricing via focusing on tenants who service existing oil & gas infrastructure vs. tenants focused on new drilling, exploration & production
Pre-engineered buildings provide tenants with easy ability to easily expand
Average 3.5 acres of vacant land per tenant site
Located 1.5 Miles from I-20
Located 2.5 Miles from Midland International Air & Space Port
Hawkview Industrial Park is located in one of the most prolific oil fields in the world with the most favorable oil production cost per barrel in the United States. The Permian has become the headquarters or regional headquarters for many of the largest energy companies in the world. For the first time in history, the US has become a net exporter of oil and natural gas via the Epic pipelines which originate from the Permian en route to the Gulf of Mexico.