Baytown Industrial Boom Continues With 500K SF Of Leases Signed
Three new tenants signed for space at the rapidly growing Cedar Port Industrial Park in Baytown.
The three warehouse leases totaling 517K SF will go into Building B and Building C at Baytown Intermodal Center, a 1.2M SF complex owned by Reich Brothers, which acquired the campus in January.
The tenants themselves weren't disclosed, though one is a third-party logistics company that will lease 307K SF at Building C. A cargo and port terminal operations company will lease 110K SF, and a refining catalyst supply company will lease 99K SF, both at Building B. All three are companies expanding their existing Houston presence, a CBRE spokesperson said.
CBRE's Boomer White and Jim Stark arranged the leases on behalf of Reich Brothers.
"These tenants are highly respected for their operational expertise," Reich Brothers Vice President of Acquisitions Matt Reich said in a release. "They are a welcome addition to the tenant portfolio, strengthening the Port of Houston and the region's growing position in the global supply chain."
Reich Brothers, which is based in both White Plains, New York, and Los Angeles, had re-entered the Houston market with the Baytown Intermodal Center purchase but plans to double it by 2023. CBRE is marketing the remaining 705K SF at the property. The property at 4000 Cedar Blvd. was occupied by DHL before it vacated in 2021.
"With container volume at the Port of Houston continuing to grow at a record pace, negotiations with tenants for Buildings A and D will move quickly," Stark said in a release.
Leasing, acquisitions and new development have flooded Cedar Port Industrial Park in the last months as the local industrial market sees record development.
The latest leasing news comes on the heels of CBRE appointing Nathan Wynne to further expand its Houston industrial and logistics capital markets team.
