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New ground-up development for Article—whose mission is to provide the easiest way to create beautiful spaces—is TGS Cedar Port’s next build-to-suit project
Baytown, TX, February 15, 2022 – TGS Cedar Port Partners, L.P. (TGS) is pleased to announce that TGS Cedar Port Industrial Park—the largest master-planned, rail-and-barge-served industrial park in the U.S.—has reached an agreement with online furniture company Article for the park’s next build-to-suit project: a 507,000-sq.-ft. warehouse.
“We are pleased to embark on this build-to-suit project with Article. The ability to partner with a company with Article’s reputation for redefining the online furniture business makes it more consequential for all parties involved,” said James Scott, President of TGS Cedar Port Partners, LP. “This will be Article’s first fulfillment center located in Texas, and we’re excited to help play a role in enabling them to bring their highly sought-after items to their customers much more expediently.”
Article’s build-to-suit announcement comes on the heels of a record-breaking year for Cedar Port, with over 10 million square feet of warehouses starting and finishing construction in 2021. TGS Cedar Port broke ground in 2021 on three new industrial spec buildings: a 1.2 million square foot distribution center delivering in May 2022; a 496,000 square foot distribution center, expandable to 900,000 square feet that can be rail-served or cross dock configured delivering in 3rd Quarter 2022; and a 150,000 square foot rail-served building expandable to 600,000 square feet delivering in 4th Quarter 2022.
NAI Partners’ John Simons, Partner, and Gray Gilbert, Partner, represented TGS in the transaction. Article was represented by Andrew Lord, Senior Vice President, and Walker Barnett, Principal, at Colliers.
Article makes it easy to create a beautiful modern space. The company opened shop to offer a better way to get great style and high-quality products delivered quickly and easily, right to the customer’s home. By focusing on a digital-first experience, Article is able to pass along considerable savings to customers. Since its launch in 2013, Article has grown rapidly. Led by discipline, data, and a dedicated team, Article achieved profitability by 2015. Today, it has delivered more than one million orders across Canada and the U.S.
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.
TGS Cedar Port Industrial Park creates a unique logistics opportunity for users to operate in a prime Port location within one of the preeminent industrial parks in America, particularly valuable at a time when suitable land positions in desirable areas have continued to become increasingly scarce.
TGS Cedar Port Industrial Park, located in West Chambers County near Houston, Texas, offers industry-leading access for distribution, manufacturing, and terminal operations. Situated across the Houston Ship Channel from Bayport and Barbours Cut Container Terminals, Cedar Port spans approximately 15,000 acres of land with over 11,000 total acres available for sale, lease, design build, and build-to-suit developments. Sites are delivered “turn-key”—fully entitled with utilities, drainage, and detention. The Park is both barge-served and is dual served by the Union Pacific and the BNSF railroads and can accommodate developments from 5 acres to more than 1,000 acres. Cedar Port currently has over 23 million square feet of industrial and manufacturing warehouses that are either existing or under construction.
For additional information please contact either John Simons or Gray Gilbert at 713.629.0500.
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; Landlord Services, which includes Property Management and Facilities Management; Valuation Services, which includes Lending Appraisal, Appraisal Review, Portfolio & Financial Reporting, and Tax, Litigation & Due Diligence Advisory; 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 12 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 has been named a Best Place to Work by the Houston Chronicle, Houston Business Journal and Austin Business Journal; and is among the University of Houston’s Cougar 100 Fastest-Growing Companies. Visit us on the web at www.naipartners.com.