Facility expected to open in second half of 2018
Best Buy, a provider of technology products, services and solutions, has selected Missouri City as the location of its newest delivery distribution center.
Best Buy plans to open the distribution center prior to the 2018 holiday shopping season. The facility will distribute large items — including products ranging from major appliances to large 4K televisions — to nearly 60 Best Buy stores throughout Texas and Louisiana and directly to customers’ homes. It’s expected to create at least 40 new full-time jobs in Missouri City.
“We’re pleased to bring this distribution center to Missouri City,” said Jeff Shelman, Best Buy spokesman. “Not only will it provide local jobs and tax revenue, but it will allow us to better serve our customers throughout much of southern Texas.”
“This distribution center will have a tremendous economic impact on Missouri City, not only through primary jobs but also as a long-term property tax generator,” said Joe Esch, Missouri City Economic Development Director. “We appreciate the investment that Best Buy is making in our community and look forward to a long-lasting relationship with the company. I commend the City Council for their work to secure this opportunity for our residents.”
The planned facility will be an approximately 550,000-square-foot greenfield development that will be located at 636 Highway 90A (at the corner of Cravens Road and Highway 90, near the Sam Houston Tollway). Seefried Industrial Properties, Inc. and 4M Investments, LLC will develop the property for Best Buy.
The project came directly to the Missouri City Economic Development Department from the company’s site selection consultant in July 2017. Key factors to the success of the project were the proximity to interstate highways, workforce availability, real estate partners, incentive opportunities and available land for greenfield development.
“We are delighted to welcome Best Buy as Missouri City’s newest corporate citizen,” said Allen Owen, mayor of Missouri City. “A previously vacant piece of land now will be a major source of revenue that can help us serve the residents of Missouri City. This is a big win, and I am excited at the possibilities that will be open to our community with these good jobs and revenue.”
Fort Bend County Commissioners Court also provided incentives based upon the capital investment and jobs that Best Buy is bringing to the county. Jack Belt, executive vice Ppresident of the Greater Fort Bend Economic Development Council, said, “The Best Buy project represents a significant next step forward in the emergence of a new major regional industrial center growing around the interchange of US 90A and the Sam Houston Tollway. It also continues the evolution of Fort Bend into a preferred commercial address in Greater Houston that will soon rival its long established reputation as one of the region’s most desired residential areas.”