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Capital Development Completes 800 KSF Houston Facility

4 months ago

This building is part of a 1.6 million-square-foot campus. The post Capital Development Completes 800 KSF Houston Facility appeared first on Commercial Property Executive.

Cedar Port Logistics Center Building II is rail-served and features 110 dock-high loading doors. Image courtesy of Capital Development Partners

Capital Development Partners has completed Cedar Port Logistics Center Building II, an 800,405-square-foot facility in Baytown, Texas, a Houston submarket.

Designed by BRR Architecture, the facility is part of a 90-acre campus that broke ground in 2021. The $150 million project also features an 800,500-square-foot warehouse that came online in 2022 and was sold to Stockbridge Capital Group the same year, according to CommercialEdge data.

The logistics campus is part of the 15,000-acre TGS Cedar Port Industrial Park, the largest master-planned rail- and barge-served industrial park in the U.S.

The new front-load distribution center has dual rail service to Union Pacific and Burlington Northern Santa Fe and is divisible down to 300,000 square feet. The facility has 36-foot clear heights, 56- by 60-foot bay spacing, 110 dock-high loading doors and two drive-in doors, as well as 10 rail doors.

The property also features 185-foot truck courts and 166 trailer stalls, 209 car parking spaces, 7,500 square feet of office space and levelers on each door. Colliers Executive Vice President Ryan Byrd and Vice Chair John Nicholson are in charge of leasing the facility.

Building II is at 6500 Nita Way, some 8 miles from downtown Baytown and 28 miles from the Port of Houston. Downtown Houston is roughly 34 miles away, while George Bush Intercontinental Airport is 46 miles northwest.

Houston’s industrial sector holds steady

Metro Houston’s industrial under-construction pipeline as of May stood at 6.8 million square feet, according to the latest CommercialEdge industrial report. Additionally, the vacancy rate during the same month clocked in at 8.0 percent, well above the 5.6 percent national average.

One of the current developments is WestPoint 45, a 728,000-square-foot industrial building in Houston’s Greenpoint submarket. The facility is scheduled to come online next year.

Other notable activities in the market include Lovett Industrial and PCCP LLC’s groundbreaking of Stafford Logistics Park, a 785,000-square-foot campus in Stafford, Texas. The development is set to include a cross-dock warehouse and a front-load facility.

The post Capital Development Completes 800 KSF Houston Facility appeared first on Commercial Property Executive.