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DryPort Capital plans to construct a 325-spot truck and trailer parking facility on U.S. 90 near Pederson Road in Katy. It will be known as Riggy's West 10.

A rendering shows plans for a 325-spot truck and trailer parking facility on U.S. 90 near Pederson Road in Katy called Riggy's West 10. DryPort Capital will break ground on the facility in December.

Houston-based DryPort Capital has acquired a 19.1-acre parcel on U.S. 90 west of Pederson Road for the construction of a multi-tenant truck parking lot for drivers servicing the growing number of industrial projects in Brookshire and Katy region.

DryPort plans to break ground on a 325-spot truck and trailer parking facility, called Riggy's West 10, in December with opening planned in the second quarter of 2023. It will be the first development project from the ground up for DryPort, which will own and operate four Riggy's parking facilities with nearly 1,000 parking spaces in the Houston market upon completion.

The land, between Pederson and Igloo Road, was purchased from Doyle Toups of Moody Rambin. Sam Rayburn and Jim Autenreith of Moody Rambin represented the buyer in the transaction.

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The site was selected for its proximity to industrial buildings such as Amazon, Costco and Rooms to Go and others under construction. It will serve logistics companies and local owner operators looking for overnight truck parking.

Riggy's facilities are designed to help drivers optimize their time by having parking near the drop off or pickup point, where they often encounter wait times. Drivers are limited to driving 11 hours before taking a break.

“With the amount of distribution built or under construction within just a few miles of this acquisition’s location, this development will present a unique opportunity for the transportation industry by helping solve some of the truck driver inefficiencies around hours of service and allow them to park within a few miles at most of their drop or pickup point," David Olson, principal at DryPort responsible for Riggy’s operations, said in a statement.

Mike Burney, a principal with DryPort who previously developed area industrial buildings with Stonelake Capital Partners, said DryPort is capitalizing on an emerging asset class to fill a shortage of truck parking and outside storage. Truck parking has been a fragmented part of the industrial market historically operated as mom and pop enterprises.

DryPort is acquiring truck parking lots from small operators and building developments from the ground up, with other projects planned in Texas and Sun Belt markets. Parking lots are in the works for Houston, Dallas and Memphis.

The Katy facility will offer a 3,000-square-foot lounge with bathrooms, showers and laundry facilities for Riggy's daily/nightly truck parking tenants, LED lighting, security monitory and private gate access with a manned guard shack. The site will offer 325 75-foot by 12-foot spaces.

Kimley-Horn is DryPort’s civil consultant leading the design efforts on the project.

Katherine Feser covers a variety of subjects for the Houston Chronicle Business section. She coordinates some of the paper's most popular special sections, including the Chronicle 100, Home Price Survey, and Top Workplaces. She compiles many of the staples of the section, including the daily markets page, People in Business, event listings and real estate transactions.

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