Copperas Cove EDC announces land sale at The Narrows

By LYNETTE SOWELL

Cove Leader-Press

The Copperas Cove Economic Development Corporation announced on Wednesday morning the sale of 15.7 acres in The Narrows Business & Technology Park to First Houston Properties and Arissa Properties, LLC.

“FHP is a diversified and well-established industrial real estate and development firm in Houston that has been serving a broad range of clients since 1982. First Houston has partnered within and around Houston and Dallas. This is their first venture into the Central Texas market,” the CCEDC announced via a press release.

FHP Vice President Patrick McKiernan is excited about the prospects for development with the Copperas Cove community.

“We see the population growth in Central Texas along with the tremendous opportunity for Tier 1 supply and manufacturing support to the innovative industries cropping up in the Austin area (Tesla, Samsung, Micron just to mention a few) as opportunities for areas like Copperas Cove to attract and allow commercial industries to advantageously serve those markets. Lower cost of land, a growing and talented labor pool, available land and soon buildings for lease or purchase, and a community eager to assist new business expansion have us singing the praises of Copperas Cove to our clients.”

FHP’s development partner, Arissa Properties, LLC, will be working to develop two to three facilities in the 40,000- to 50,000-square-foot range that can be occupied by a single tenant or multiple tenants in The Narrows.

They hope to break ground on the first building by early 2023.

The 15.7-acre parcel has frontage along the U.S. 190 bypass and adjoins the facilities of the CDL School, Troops to Transportation.

FHP and Arissa join another developer, Fieldstone Commercial, LLC, which purchased 10 acres in the spring of 2020 which is as yet undeveloped. That acreage also faces U.S. 190.

With this land sale, The Narrows has 33.36 acres remaining for future sale and development.