New logistics center completed at TGS Cedar Port Industrial Park
July 19, 2024
Georgia-based Capital Development Partners has finished a second warehouse building in Baytown and is in advanced discussions to lease the entire space.
The 800,405-square-foot speculative rail service building is Capital Development Partners’ second in TGS Cedar Port Industrial Park, the largest master-planned rail- and barge-served industrial park in the U.S.
Cedar Port Logistics Center Building II includes 7,500 square feet of office space, with the rest being warehouse space. It also has 45,000-pound levelers on each door, pop-up towers for equipment, direct access to the Grand Parkway and the Port of Houston, and dual rail service to both Union Pacific Railroad and BNFS Railroad.
The first building, Cedar Port Logistics Center Building I, was completed in 2022 and is the same size as the second building. It is 100% leased by Plastic Express, a national plastic packaging, warehousing and logistics company, for plastic resin export.
The entire logistics center, which includes both buildings, is a $150 million development on 90 acres of land.
Ryan Byrd and John Nicholson at Colliers International Houston are marketing the building. Capital Development Partners told the Houston Business Journal that the building is designed to accommodate both single- or multitenant options, but the developer is in discussions with a company to lease the entire facility.
Earlier this year, Pasadena-based container logistics provider Tigerhawk Logistics expanded to a larger space in the Portside Logistics Center, which is also located in the TGS Cedar Port Industrial Park. The Portside Logistics Center was completed in September 2023.
Meanwhile, TGS Cedar Port Partners LP leased 10,800 acres of pore space to Houston-based Kinder Morgan Inc. (NYSE: KMI) for a new carbon dioxide sequestration project. The underground pore space has the capacity to store 300 million tonnes of carbon dioxide from nearby industrial sources of emissions.