Real estate transactions: Avera launches next industrial project in Baytown

1of2An expansion of the Gulf States Toyota’s Parts Distribution Center in Sealy increased the size of the facility to 426,000 square feet.Photo: Gulf States Toyota

Houston-based Gulf States Toyota has completed an $11 million expansion of its Parts Distribution Center in Sealy. Now 40 percent larger, the facility at 5614 Interstate 10 contains 426,000 square feet. The project created 13 direct and 17 indirect local jobs, according to the distributorship. The Sealy expansion enables Gulf States Toyota to better serve 158 Toyota dealerships in Arkansas, Louisiana, Mississippi, Oklahoma and Texas.

Avera Cos., in partnership AEW Capital Management, has broken ground at Cedar Port Logistics, a 643,951-square-foot rail-served building on 40.8 acres at Baytown’s Cedar Port Industrial Park. The building, which can be expanded to 760,400 square feet, has a 36-foot clear height, a 185-foot truck court and outside storage. The property, on the Grand Parkway east of FM 1405, is served by both Union Pacific and BNSF rail roads. Gray Gilbert, Holden Rushing and Chris Haro of NAI Partners have been retained to lease the project, which will build out the office space to suit the tenant. Houston-based Avera completed a build-to-suit project for Vinmar International at Cedar Port, which also houses facilities for Home Depot, Walmart, Ikea, GE, National Oilwell Varco, Ravago, JSW Steel, DHL and other companies.

New York-based Blackstone will nearly double the size of its U.S. industrial footprint with the planned acquisition of 179 million square feet of urban, infill logistics assets from GLP, the companies announced. Established in Singapore, GLP gained 4 million square feet in Houston as part of a U.S. portfolio acquisition from Income Industrial Trust in 2015. GLP declined to disclose location details on the latest acquisition.

International Standard Valve has leased 78,565 square feet of industrial space at 13124 Trinity St., Stafford. David Husid and Taylor Scheps of Newmark Knight Frank represented the landlord, Gupta Management.

Patrick Henry Creative Promotions has expanded and extended its lease for 13,451square feet at 1177 W. Loop South. Jack Warmington and Greg Marconi of Newmark Knight Frank represented the tenant. Spire Realty Group represented the landlord, 1177 WLS.

Three tenants signed office leases at 738 Texas 6 South. Petrasoft, represented by Alex Taghi of NAI Partners leased 2,914 square feet; Goldstar Mortgage Financial Corp., represented by Carrie Farmer of CFM Texas Properties, leased 1,979 square feet; and David & Jax Farmer, represented by Al Gabosch of Moody Rambin, leased 3,057 square feet. Zach Leger, Jacob Aldridge and Lane Travis of NAI Partners represented the landlord, Sooner Management.

Clark, Duncan & Morris has renewed a lease for 25,600 square feet of industrial space at 9330 W. Airport Blvd. Jack Warmington and Greg Marconi of Newmark Knight Frank represented the tenant. Holt Lunsford represented the landlord.

FleetPride has leased 17,997 square feet at Port Crossing Commerce Center, 1814 Texas 146 South, La Porte. Walter Menuet and Gary Mabray of Colliers International represented the landlord, Liberty Property Trust. Stephen Schneidau of Cushman & Wakefield represented the tenant.

Sirvent Energy has subleased 3,215 square feet of office space from First Reserve Corp. at 600 Travis. Philip Price of Newmark Knight Frank represented the sublessor. Cushman & Wakefield represented the subtenant.

Contech Control Services has expanded its office sublease to 2,167 square feet at 10300 Town Park Drive. Lispah Hogan of Newmark Knight Frank represented the sublessor, CGG Services.

katherine.feser@chron.com

twitter.com/kfeser

Source Article