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Plastics Packager Leases Industrial Space Near Ship Channel

HOUSTON – The Packwell company, a Houston-based plastic resin packager, has signed a 286,000 SF industrial lease at Bayport Distribution Center in Pasadena, near Houston.

The rail-served bulk warehouse, located near West Fairmont Parkway and Underwood Road, is owned by Industrial Property Trust of Denver.

Packwell’s industrial space at Bayport Distribution center will be primarily used for packaging and storing plastic resins.

“Our competitive advantage lies in our ability to provide efficient solutions for our customers’ bagging, packaging and logistics requirements,” Al Duran, Packwell President, said. “This new property is part of our company’s expansion plans within the Houston market.”

While the property’s rail storage and access to rail service were a large part of the decision to occupy this space, Bayport Distribution Center’s access to the port created an optimum solution for Packwell’s growing needs. “This new property is part of our company’s expansion plans within the Houston market,“ Duran said.

CBRE Senior Vice President Bill Rudolf represented Packwell in lease negotiations. The landlord was represented by Jason Dillee with Cushman and Wakefield.

August 8, 2016 Copyright 2016 Realty News Report.

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