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Category Archives: Industrial

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 ... Read More »

Colliers: Industrial Leasing Slowing in Sluggish Economy

HOUSTON – Industrial leasing activity is slowing in Houston, although the vacancy rate remains healthy, according to Colliers International. Industrial leasing activity dropped 55 percent to 3.6 million SF, down from 8 million SF in the second quarter of 2016, reports Lisa Bridges, director of market research of Colliers. “Houston’s industrial market shows signs of slowing due to the downturn ... Read More »

CBRE: 21 Million SF of Industrial Space Under Construction in Dallas

DALLAS – CBRE reports 20.7 million SF of industrial space is under construction in Dallas/Fort Worth, with about 32 percent of the buildings preleased, according to CBRE’s second quarter report. Demand is high. During the second quarter of 2016, the Metroplex absorbed 6.6 million SF of industrial space, the best quarter since 2013. CBRE Research has released the Q2 2016 DFW ... Read More »

Sixty-Six Warehouses Under Construction in Houston, CBRE Reports

HOUSTON – Sixty-six warehouses and industrial buildings are under construction in the Houston area, the most robust construction pace in years with 11.2 million square feet being built according to CBRE. Robert Kramp, CBRE’s director of research and analysis, says Houston has become a major distribution hub that no longer relies as heavily on Dallas, the traditional warehouse and distribution ... Read More »

Clay: Houston’s Emerging ‘Petrochemical Corridor’ Shows Signs of Strength

Thanks to the fracking boom that began a decade ago — providing low cost energy and low price feedstock for the area’s chemical manufacturing facilities — Houston’s Eastside has been on a roll. Numerous chemical manufacturing plants in the area have expanded while other firms began shopping around the Eastside for sites. An estimated $35 billion worth of chemical facilities ... Read More »

Amazon to Build an 855,000 SF Fulfillment Center in Hines Business Park in Houston

HOUSTON – Amazon will build an 855,000 SF fulfillment center in Hines’ Pinto Business Park at the southwest corner of Interstate 45 North and Beltway 8 in north Houston. The Harris County commissioners voted Tuesday to provide Amazon with a tax abatement of $180,000 a year for 10 years, as an economic stimulus, according to the Houston Chronicle. Amazon will ... Read More »

Dow Chemical Leases Office Space in Clay Development’s New Deer Park Building

DEER PARK, Texas – Clay Development & Construction has landed Dow Chemical as an tenant in the “Petrochemical Corridor” office market on the east side of Houston. “Situated in Houston’s petrochemical corridor, Deerwood Office III is a full-service office location for companies serving industrial operations near the Ship Channel,” says company president Robert Clay. “This is Class A office space ... Read More »

Hines Opens Business Park in Southwest Houston

HOUSTON – Hines has completed the first phase of its Beltway Southwest Business Park, a 75-acre industrial project at the northeast corner of Beltway 8 and Fort Bend Toll Road on the south side of Houston. The master-planned business park is expected to have 950,000 SF of light manufacturing and distribution space. The development of Phase I, which consists of ... Read More »

Carson Developing 400,000 SF in Bayport, Near Houston Ship Channel

HOUSTON – Carson Companies has broken ground on four buildings in Bayport Industrial Park on Houston’s southeast side. The four buildings, which will have a total of 397,775 SF, will be located west of Texas 146, not far from Houston’s Barbour’s Cut and Bayport container terminals as well as the Ship Channel and petrochemical complex. “This project is a continuation ... Read More »

El Paso Industrial Portfolio Sold

EL PASO, Texas – Affliates of Dallas-based Covington Group Inc. acquired the 548,629-square-foot Butterfield Trail portfolio in El Paso.  Covington Group is already underway with a multi-million dollar capital improvement project for the six-building industrial portfolio. Covington Group acquired the portfolio from Butterfield Trail Trust . Covington Group has hired Christian Perez Giese and Chad McCleskey, with CBRE’s El Paso ... Read More »

Retail Rush : New 1 million SF IKEA Distribution Center May be Tip of the Iceberg for Retailers’ Warehouses

BAYTOWN, Texas – The new 1 million SF IKEA distribution center planned for the TGS Cedar Port Industrial Park near Baytown is a sign of things to come. At the CBRE press luncheon last week, Faron Wiley of CBRE’s industrial division says Houston has come of age in for retail distribution space. For years, Dallas has been the major warehouse/distribution ... Read More »

Selling America’s Largest Industrial Park: The Q&A with Joel Michael of NAI Partners

(By Dale King) HOUSTON – Joel Michael of NAI Partners has a HUGE assignment. He’s selling development sites in the fifth largest industrial park in the WORLD – and the largest one in the United States – the TGS Cedar Port Industrial Park adjacent to Baytown, 35 minutes from downtown Houston. In the aftermath of the oil price crash, some ... Read More »

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