The City of Houston approved a tax abatement agreement with Integra Mission Critical LLC for the development of a manufacturing facility within a 1.2 million square foot industrial shell building at 15550 Milner Road. The facility is owned by Prologis Logistics Services Inc., leased to Wayfair, LLC, and subleased by Integra. The project involves a $66 million investment in tenant improvements, manufacturing equipment, and machinery. The agreement offers a 90% ad valorem tax abatement over 10 years or until the $4 million incentive limit is reached, incentivizing Integra to choose Houston over competing locations.
This tax abatement attracts high-value manufacturing investment to Houston, creating jobs and boosting the local economy while strengthening Houston's industrial capabilities.