Baytown, TX, July 5, 2022 – Dayton Street Partners “DSP” is pleased to announce the purchase of 47.4 acres from TGS Cedar Port Industrial Park. DSP will develop a Class-A speculative truck terminal (the “Property” or “Development”) in the TGS Cedar Port industrial park in Houston, adjacent to Baytown, Texas. TGS Cedar Port Industrial Park is the largest master-planned rail-and-barge-served industrial park in the USA. TGS Cedar Port Industrial Park spans 15,000 acres and features excellent proximity to State Highway 99 (Grand Parkway), Interstate 10, State Highway 225, State Highway 146, and Port of Houston.
Upon completion, the Property will total 164,640-sq.-ft. 214 dock doors, 120’ wide warehouse, 24’ clear height 6,000-sq.-ft. of to suit office space, guard shack, a potential 10,000-sq.-ft. truck maintenance facility potential fueling station. This speculative truck terminal will be the first of its kind in the greater Houston area and is planned to deliver in the second quarter of 2023.
NAI Partners’ Gray Gilbert, Chris Haro, and Jack Gilbert have been named exclusive leasing agents of the property.
Dallas-based Veritex Community Bank is providing construction financing.
The booming, multi-modal TGS Cedar Port Industrial Park is ideally located for warehousing, distribution, and fulfillment operations. Its location off State Highway 99 (Grand Parkway) allows prime access to Interstate 10, State Highways 225 and 146, and the Port of Houston’s Bayport and Barbours Cut container terminals. Industry leaders such as Home Depot, Floor & Décor, IKEA, Walmart, Vinmar, and Ravago all have major distribution and fulfillment centers in the Cedar Port Industrial Park, taking advantage of the location and access to abundant, cost-effective labor.
“Houston has proven itself as a powerhouse logistics hub,” said Hower Wedren, Dayton Street Partners founder and managing principal. “The opportunity to join the incredible development at Cedar Port Industrial Park and bring the very first spec truck terminal to the area is tremendous and we look forward to continued involvement in Houston’s logistics market.”
DSP recently completed the redevelopment of the 5800 Mesa in Houston, a 95-acre, 500,000-sq.-ft logistics terminal that features 330 doors, a 50,000-sq.-ft truck maintenance facility, and over 1200 trailer positions.
Dayton Street Partners is a Chicago-based commercial real estate investment and development firm focused on the acquisition and development of high barrier to entry infill industrial and logistics properties. www.daytonstreetllc.com
For additional information please contact Howard Wedren at Dayton Street Partners at 312.322.0704 or Ashley Haigh, Corporate Communications Specialist for Partners Real Estate Company, at 713.275.9641.
About Partners Real Estate Company
Partners Real Estate Company (“Partners”) is the holding company of real estate investment and development platform Partners Capital, and commercial real estate services firm NAI Partners. Partners is a diversified investment, development, and services firm that creates tangible value for its investors, clients, and internal stakeholders using commercial real estate as the vehicle. Partners was founded and is headquartered in Houston, Texas, and owns, develops, leases, manages, and valuates commercial real estate in multiple geographical areas throughout the United States. Visit us on the web at www.partnersrec.com.
About NAI Partners
NAI Partners was founded and is headquartered in Houston and has offices in San Antonio and Austin; offers the geographic expertise to complete real estate transactions throughout the state; and can leverage the power of the NAI Global network to arrange deals in any location around the world. NAI Partners employs more than 180 real estate professionals, and arranges more transactions than any of its competitors, completing over 700 commercial lease and sale arrangements every year. NAI Partners is a full-service firm providing client solutions for Office, Industrial, Retail, Life Sciences, and Multifamily product types across Brokerage Services, which includes Tenant Representation, Project Leasing, Investment Sales, and Land Sales; Investor Services, which includes Property Management, Project Management, and Facilities Management; Valuation Services, which includes Valuation & Advisory, Property Tax Consulting, Institutional Fund Valuation, and Litigation & Expert Witness Testimony; and Project Services, which includes Construction Management and Space Management. NAI Partners is the top Houston-based full-service commercial real estate firm on the Inc. 5000 list of fastest-growing private companies in America; the 4th-largest Houston-Area Commercial Real Estate Brokerage and #1 Mover of Square Feet among leasing and sales brokerages in Houston per the Houston Business Journal; the only commercial real estate firm on the Houston Business Journal’s Mid-Market 50 list; a top 3 largest San Antonio Commercial Real Estate Brokerage per the San Antonio Business Journal; and a top 20 Property Management Firm by square feet under management in Houston per the Houston Business Journal. NAI Partners annually ranks among the Houston Chronicle’s Top Workplaces, and the Houston Business Journal’s and Austin Business Journal’s Best Places to Work companies; and is among the University of Houston’s Cougar 100 Fastest-Growing Companies. Visit us on the web at www.naipartners.com. NAI Partners’ holding company is Partners Real Estate Company (“Partners”), which also owns real estate investment and development platform Partners Capital. Visit Partners on the web at www.partnersrec.com.