HOUSTON – (Realty News Report) – A new office development will be constructed in the 15,000-acre TGS Cedar Port Industrial Park – the first office project in the massive development east of Houston.
It’s the largest master-planned, rail-and-barge-served industrial park in America with 11,000 acres remaining for development, the developers say.
D’Agostino Companies and TGS Cedar Port Partners, L.P. said the office project is expected to break ground in October 2021, with an anticipated delivery in the first quarter of 2023. TGS plans to relocate its corporate headquarters to the complex following completion of construction.
“No Doubt” There’s Major Pent-Up Demand
The remaining office space will be leased to other companies.
“There is no doubt this office building will be well-received by the market,” said developer Chris D’Agostino, Principal of D’Agostino Companies. “D’Agostino Companies believes there is a significant pent-up demand for office space in Cedar Port to serve the many companies who are already located and conducting business in Cedar Port Industrial Park as well as the many companies planning to locate to Cedar Port. D’Agostino also believes there will be several companies that work with and support, but currently do not have a presence in Cedar Port, that will want to have an office presence in Cedar Port.”
Cedar Port Office Plaza will consist of two office buildings, one 79,200 SF, and the other 52,800 SF..
“This development allows for TGS to consolidate its Houston and Baytown offices by occupying one full floor at Cedar Port Office Plaza 1,” said Will Scott, President of Operations of TGS. “TGS full time operations, construction, and maintenance personnel have increased from under 100 in 2015 to over 250 today.”
Sieger & Aldridge
NAI Partners’ Landlord Services Division’s Office Project Leasing team of Michael Sieger and Jacob Aldridge have been named the exclusive leasing agents for Cedar Port Office Plaza.
The office development, joins the over 16 million SF of industrial and manufacturing warehouses that are either existing or under construction in the Park today. Cedar Port features household names such as NOV, Tenaris, Zachry, Floor & Décor, and DHL.
Situated across the Houston Ship Channel from Bayport and Barbours Cut Container Terminals, TGS Cedar Port Industrial Park spans 15,000 acres of land with 11,000 total acres available for sale, lease, design build, and build-to-suit developments. The Park is both barge-served and dual-served by the Union Pacific and the BNSF railroads, and can accommodate developments from 5 acres to more than 1,500 acres
Avera’s 644,000 SF Tenant
.Activity has been strong in Cedar Port.
The Avera Cos. just announced that it leased its newly built Cedar Port Logistics development there to The Webstaurant Store, a restaurant supply company. At 644,000 SF, the lease is one of the largest industrial transactions completed in the Houston area this year.
July 13, 2021 Realty News Report Copyright 2021
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File:Office Project Underway
File: (2) Cedar Port. Office Project Underway in Chambers County. NAI Partners. D’Agostino Companies. TGS Cedar Port Partners
Image: Rendering Courtesy NAI Partners