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Houston developer buys 225-acre Baytown business park

January 11, 2019

Houston-based Adkisson Group Inc. has acquired a nearly 225-acre business park site from Houston-based Parkside Capital, according to a press release from Lee & Associates - Houston.

Robert McGee, Thomas Leger, Chase Cribbs and Josh Cheatham of Lee & Associates represented Adkisson in the deal, while Davis Adams, Rusty Tamlyn and Trent Agnew of HFF represented Parkside. The purchase price was not disclosed.

The property, Bay 10 Business Park, is at 100 Kilgore Parkway in Baytown, along the eastern side of the Grand Parkway and a little south of Interstate 10. It already is home to Safe Chemicals LLC, San Antonio-based Zachry Corp. and Illinois-based National Tube Supply, per the release. Parkside partnered with Dallas-based Stratford Land to develop Bay 10, which eventually was expected to total 452 acres, according to the park’s website.

Now, Adkisson will offer several sites for sale or build-to-suit and will begin building several 10,000- to 30,000-square-foot freestanding buildings, which will offer crane capabilities and acreage for outside storage, per the release. McGee, Leger and Cribss will market the park for Adkisson.

“We believe Bay 10 Business Park is poised to benefit from the continued growth on the southeast and east side of Houston,” Robert McGee, principal at Lee & Associates - Houston, said in the release. “The location along the Grand Parkway just south of I-10 East provides great access to both the Port of Houston and petrochemical industries. It is very difficult to find industrial land sites under 10 to 15 acres in this area that are already zoned to light industrial or heavy industrial. Currently most of the business parks nearby only cater to larger rail-served sites. We think there is plenty of demand for non-rail-served sites as well. At Bay 10, we can accommodate requirements as little as 1 acre or as much 86 acres.”

Adkisson has several industrial projects that are completed, under construction and planned across the Houston area, according to its website. Parkside also has been active across the Houston area and has around 10 local properties, per its website. 

By Olivia Pulsinelli, Houston Business Journal
https://www.bizjournals.com/houston/news/2019/01/11/houston-developer-buys-225-acres-baytown-business.html