BREAKING NEWS

High Mortgages Frustrate Buyers

RNR Real Estate Briefs – HOU, AUS, DAL & more

East River Adding Art to the Mix

Major Warehouse Lease Signed

Unilev Taps Stream Realty

58 Cities Drop Off Million-Dollar Home List

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Clay to Develop 1.5 Million SF in Baytown

by Realty News ReportDecember 30, 2015
Share0
Robert Clay
Robert Clay

BAYTOWN, Texas – Clay Development & Construction will develop 1.5 million square feet of distribution space on 80 acres it just purchased in the Cedar Port Industrial Park in Baytown, east of Houston.

The surge in plastic production at Gulf Coast chemical plants is driving the demand for more industrial space in the area, says Houston developer Robert Clay, president of Clay Development & Construction.

“The economic drivers in this market are the low price of natural gas, steady growth in the petrochemical and plastics industries, and the demand for newly built, rail-served, accessible distribution space near the Ship Channel,” Clay says. “With the recent Panama Canal and Port of Houston expansions, both global and national companies are looking for large warehouse/distribution space in this market.”

Clay purchased the 80 acres in the Cedar Port, an 11,000-acre project that is considered the fifth largest industrial park in the world.

Clay bought the land, located Borusan Road and FM 1405, from TGS Cedar Port Partners. John Simons and John Feruzzo of NAI Houston represented TGS in the land sale.

Clay will build three rail-served, dock-high distribution facilities on the site. Construction on the first building, Cedar Port Distribution, Phase I at 4830 Borusan Road, will begin in January 2016. Completion is scheduled for August 2016. Charlie Christ of Clay Development & Construction will handle sales and leasing.

“The Borusan Road location offers both rail and public barge dock access in addition to immediate access to the Highway 99, Highway 146, Interstate 10 and the port,” Clay says

Cedar Port Distribution, Phase I will be a 501,020-square-foot building on 26.4 acres. The interior will feature 32-foot clear-height ceilings, 50-by 52-foot column spacings and 60-foot loading bays. Cedar Port Distribution Park provides a regional water detention program and ESFR fire sprinkler system and is located in the deed-restricted Cedar Port Industrial Park, which has an extensive rail network.

Of all sectors of Houston real estate, the industrial market is a standout.

The industrial vacancy rate in Houston is 4.8 percent and over 8 million square feet was been absorbed in 2015, according to a third-quarter report NAI Partners.

Southeast Houston will be one of the stars of the Houston industrial market in 2016, Robert Clay said at a recent NAI forecast event at the Houston Country Club.

“The southeast market will go gangbusters,” Clay says, “because of plastics.”

Dec. 30, 2015

 — By Ralph Bivins, Editor of Realty News Report

.

Share0
previous post
Another Northward Nudge from Exxon: Building Sold in Crosswell’s New Conroe Project
next post
Q&A with Transwestern’s Chip Clarke: Making The Right Moves for 2016

Related posts

High Mortgages Frustrate Buyers

Realty News ReportMarch 27, 2023

RNR Real Estate Briefs – HOU, AUS, DAL & more

Realty News ReportMarch 25, 2023

East River Adding Art to the Mix

Realty News ReportMarch 23, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact