RCR Hempstead Logistics Park is making national news!
Visit these article links to read how RCR Hempstead Logistics Park will spur business development and have an impact on the region.
And on May 16, 2019, The Houston Business Journal wrote:
The team behind Houston-based McAlister Assets is branching out from its normal strategy of investing and turning around real estate to developers — it’s founded a subsidiary, RCR Rail Co., to build an industrial rail terminal northwest of the Bayou City.
The $70 million rail park will ship industrial products — such as lumber, steel or other non-hazardous products — to customers near the Hempstead facility. The terminal is scheduled to start operations in late June or early July, barring delays, said Sharon Beach, a principal and founder at McAlister Assets and RCR.
As the Grand Parkway has grown and work has been done on U.S. Highway 290, the path along the freeway out to Waller County has become poised for growth, said Hydie McAlister, another principal and founder of both companies.
“It’s marching that way,” McAlister said. “The growth in that corridor is about to explode.”
And McAlister wants to position her company to supply the raw materials fueling that growth, using the Hempstead terminal to facilitate investment in the north side of Waller County.
McAlister Assets employs six people, and that number could increase by another five or so in the next two years as it builds more terminals alongside its existing real estate investments, McAlister said. The company will also probably move its office from Upper Kirby to the northwest Houston area, closer to McAlister’s home and her company’s stomping grounds, she said.
Real Estate Dynasty
Hydie McAlister and her father, Jim McAlister Sr., founded McAlister Investment Real Estate LLC in 2008. Hydie McAlister left the company in 2018 to found her own company, McAlister Assets, with Sharon Beach, after the death of Jim McAlister Sr. early that year.
Hydie McAlister started fresh with McAlister Assets, buying eight tracts of land in 2018 and raising $50 million from investors, she said.”
“It’s been awesome, a wild ride,” McAlister said. “Losing Sr. was horrible, terrible. But it allowed me to grow quite a bit and see if I could do it. I think we’ve been successful so far.”
McAlister Assets’ core business is still the land investments, McAlister said. It’s what the investors expect, so the company will always continue to do that, she said. But for at least 2019, the company is focused on its rail park projects — it is also working on one in Taylor, Texas.
Next year, the company will probably lean back toward land investments, generally looking at a three-year exit horizon, McAlister said.
Above article exerpts by Joshua Mann – Reporter, Houston Business Journal