Avera Acquires 40 Acres Within Cedar Port Industrial Park
HOUSTON – (December 5, 2018) – Avera, a commercial real estate development, construction and investment firm, is announcing the acquisition of 40 acres to develop Cedar Port Logistics, which will include a building that will be between 610,000 and 2,262,000 SF, situated within Cedar Port Industrial Park. Cedar Port Industrial Park is located east of the Port of Houston, on the north side of Highway 99.
The site can accommodate buildings from 610,000 to 2,262,000 SF, depending on configuration. All design options feature a 36’ clear height, 130’ truck court, 55’ trailer parks, ESFR sprinkler system, PTO roof system, 85’ – 105’ curb cuts, and are fully fenced with off-site regional detention. Avera expects to break ground in Q2 2019.
“Located within the southeast industrial submarket, Cedar Port Logistics will be advantageous for a variety of users due to its prime location and flexibility. In a market where quality land sites have become increasingly scarce, Cedar Port Logistics offers a rare opportunity for entry into this highly desirable area,” said Trey Odom, President and CEO of Avera.
The acquisition of Cedar Port Logistics is accretive to other Avera developments within Cedar Port Industrial Park, including a recently completed 500,006 SF build-to-suit project for Vinmar International. The Vinmar site is 40 acres and features over 10,000 linear feet of rail.
The seller was represented by John Simons, Joel Michael and Holden Rushing of NAI.
About Cedar Port Industrial Park:
Located adjacent to Baytown, TX, Cedar Port Industrial Park is the largest master-planned rail-and-barge-served industrial park in the USA. Cedar Port Industrial Park spans 15,000 acres, and is an ideal location for light or heavy industrial use, manufacturing of all types, waterfront operations, and warehouse/distribution operations.
Avera is a Houston-based, fully integrated, partnership driven development, construction and investment firm that is dedicated to providing the highest quality real estate assets for clients and partners through innovation, value creation and integrity. For more information, visit averacompanies.com or call 713-783-9600.