Macy’s, Inc. and TEDC Announce Distribution Center in Lovett Industrial and Clarion Partners’ Industrial Complex

TOMBALL, TEXAS (February 7, 2022) – The Tomball Economic Development Corporation (TEDC) and Macy’s, Inc. announced the company’s plan to expand operations from its current City of Houston distribution center into a modern, new facility in Tomball. Located at 14000 Boudreaux Road, the nearly one million square foot distribution facility will be established in a newly announced industrial development being constructed in a joint venture between Lovett Industrial and Clarion Partners along the Grand Parkway. The project was approved by Tomball City Council on February 7 and previously approved by the TEDC board on January 11.

“We are thrilled to welcome such an iconic company to Tomball. Macy’s decision to bring its local fulfillment and distribution operations here is a testament to Tomball’s strategic advantages,” said TEDC executive director, Kelly Violette. “This project will be a major economic catalyst, in terms of jobs and capital investment. It is very exciting for Tomball and Lovett Industrial/Clarion Partners’ new development.”

Construction on the new facility will begin in March 2022. The 900,000 square-foot distribution center in Tomball will provide substantial opportunities for growth in future years. The new facility will continue to support customers across the country focusing on furniture, bedding and toy fulfillment during peak season with opportunities to expand into online fulfillment.

Macy’s colleagues currently working at the Houston distribution center will have the opportunity to transfer to the new facility upon its completion in mid-2023. Macy’s will also hire for a range of positions to support this new fulfillment center.

“We are excited about relocating to Tomball and our continued investment in the Houston area. This new facility will have the capacity to support our business growth as a premier digitally led omnichannel retailer serving our growing base of valued customers,” said Dennis Mullahy, Macy’s, Inc. chief supply chain officer. “Our expansion reflects the hard work and tenacity of our exceptional colleagues at our current facility. We look forward to welcoming our colleagues into the new fulfillment center in 2023 and bringing new job opportunities to the community.”

Macy’s strives to be a preferred employer through an unwavering commitment to all colleagues and their well-being. The company offers exciting and fulfilling career opportunities, competitive pay, bilingual work environment, merchandise discount, flexible scheduling and access to a new debt-free education program for part-time and full-time colleagues. New job opportunities will be posted on macys.com/jobs as they become available.

Lovett Industrial and Clarion Partners are currently developing 240 acres at Highway 249 and Rocky Road, directly south of the Grand Parkway into what will become the premier business park in the Houston metropolitan area. The development is expected to include more than three million square feet of class A industrial and retail space.

“Lovett Industrial and Clarion Partners’ development adds another prominent option in Tomball for businesses looking to expand their operations. Tomball has become a premier destination for industrial and commercial development and this project ensures we will remain that way,” added Violette.

- 30 - About the Tomball Economic Development Corporation

The mission of the Tomball Economic Development Corporation is to promote economic development in the City of Tomball through the attraction of new business and industry and the retention of existing businesses by providing the resources that enable and advance the general well-being of the community. For more information visit Tomballtxedc.org

About Lovett Industrial

Founded in 2020 and based in Houston, Texas, Lovett Industrial is a privately held vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality. Currently active in 6 markets across the United States, Lovett Industrial’s portfolio consists of ~7MM SF of completed and under construction warehouses and 10MM+ SF of warehouses planned for future development. For more information, visit https://lovettindustrial.com/.

About Clarion Partners

Clarion Partners, LLC, has been a leading real estate investment manager for more than 39 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With $71 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. More information about the firm is available at www.clarionpartners.com.