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PINPOINT BEGINS PHASE II OF SATSUMA STATION INDUSTRIAL PARK

HOUSTON — Houston-based PinPoint Commercial has commenced development of Phase II of Satsuma Station Industrial Park, a 115-acre, master-planned industrial project located near the intersection of Highway 290 and FM 1960 in Houston. Phase II will consist of the construction of Satsuma Distribution Center, a 315,000-square-foot speculative facility. It will feature 30-foot clear ceiling heights, approximately 70 doors and will be divisible from 30,000 square feet. The project also is applying for LEED-Silver certification from the U.S. Green Building Council. Construction will commence in August, with completion scheduled for the first quarter of 2009. Additionally, PinPoint has partnered with Dallas-based Phoenix Capital to master-plan the remaining acreage of the park. At full build-out, Satsuma Station Industrial Park will contain 1 million square feet of industrial development. CB Richard Ellis will market the property.

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