Avera Acquires Site for Latest Project Near Port of Houston

HOUSTON - (June 7, 2016) - AVERA Companies, a commercial real estate development, construction and investment firm, is announcing the acquisition of 41.5 acres to develop Bayport Industrial Park, a 3 building, 738,610 SF complex within Bayport North Industrial Park, on the east side of Underwood Road, just south of Fairmont Parkway.

"Bayport Industrial Park is strategically located at the epicenter of the southeast industrial market, and will be advantageous for a variety of users due to its unparalleled flexibility, and close proximity to both Barbours Cut and Bayport container terminals. Bayport offers an unprecedented opportunity in a market where quality land sites are extremely scarce," said Trey Odom, President and CEO at AVERA Companies.

Building 1 is 176,655 SF, Building 2 is 369,755 SF and is rail-served, and Building 3 is 192,200 SF. All buildings feature a 32' clear height, 130' truck court, ESFR sprinkler system, PTO roof system, and are fully fenced with off-site regional detention.

Avera expects to break ground on Buildings 2 and 3 in Q3 2016.

For information regarding leasing, please contact Jason Dillee, Vice President at Cushman & Wakefield: 713-345-1432.