Avera Signs Full Building Lease at Cedar Port Logistics

The Avera Companies, a commercial real estate development, construction, and investment firm has announced the execution of a lease for its first building at Cedar Port Industrial Park. Avera partnered with AEW Capital Management on the development and construction of CPL I.

The Webstaurant Store, Inc. has signed a long-term lease at Cedar Port Logistics for 643,940 total square feet on over 40 acres.

We are excited to have WebstaurantStore in CPL I. Our location within Cedar Port Industrial Park offers WebstaurantStore excellent efficiencies in transportation and warehousing of their products.” said Trey Odom, President and Chief Executive Officer of the Avera Companies.

CPL I is a cross-dock building and has a 36’ clear height, 46’ 8” X 56’ column spacing, 60’ speed bays, and ESFR sprinkler systems. It has 185’ truck courts on each side of the building and 211 trailer parking spaces. CPL is located on the Grand Parkway (SH 99) with easy access to FM 1405, SH 225, SH 146, and Interstate 10 as well as close proximity to both container terminals at the Port of Houston.

We are pleased that our development professionals and our exceptional in-house construction team were able to work together flawlessly through the pandemic to deliver another exceptional facility.” said Odom.

The CPL I site provides ready transit to both Barbour’s Cut and Bayport container terminals, allowing convenient, economical drayage to and from the ports. Park amenities include over 100 miles of rail service from Union Pacific and BNSF, rail storage, two barge terminals, and pipeline access. Tax incentives and Foreign Trade Zone designations are available.

The Webstaurant Store, Inc. was represented by Jim Belcher (Wayne, PA) and Rob Stillwell (Houston, TX) of Newmark. Gray Gilbert, Holden Rushing, and Chris Haro of NAI Partners represented CPL I.