Rockefeller Group and Falcon Commercial Development Break Ground on 557K SF Logistics Park Near Port
March 24, 2025
Rockefeller Group, a leading real estate developer, owner and operator, and Falcon Commercial Development, a privately-owned industrial development company, have entered into a co-GP joint venture agreement to develop a 557,339 square foot logistics park in Baytown, Texas, within the Houston MSA. East Bay Trade Center is located at 19454 Needlepoint Road in Baytown and will include a 307,595-square-foot building and a smaller, 249,744-square-foot building. Both buildings include 36-foot clear heights and are cross-dock.
“Rockefeller Group is excited to begin our first industrial project in Texas with our partner Falcon,” said Cavanaugh Adams, Director of Development for Rockefeller Group’s Southwest region. “We are confident that this project, given its size and location, will fill a growing need in the Houston industrial market as the Port of Houston continues to expand.”
Adams notes that Baytown plays a vital role as an energy export hub, with one of the largest industrial sectors in the U.S. and home to some of the top exporters of crude oil and natural gas. He anticipates that potential tenants will include companies in manufacturing, solar energy, food and beverage, and energy supply sectors as well as third-party logistics providers.
Falcon Development originally purchased the 38.96-acre parcel and secured entitlements prior to Rockefeller Group’s involvement.
“Since we first met with the Rockefeller Group team, we knew we shared a common approach to development and we look forward to partnering with them on East Bay Trade Center,” said Ben Newell, Partner for Falcon Commercial Development. ”Rockefeller Group’s national expertise in commercial real estate development combined with our local expertise here in Texas made this a natural fit for both companies.”
The 307,595-square-foot building includes ±94 trailer parking spots, 176 auto parks and 68 dock doors with 4 grade-level ramps. The 249,739-square-foot building includes ±72 trailer parking spots, 127 auto parks and 53 dock doors with 4 grade-level ramps.
The Colliers Houston team of Robert McGee, Taylor Schmidt and Austin Bartula will oversee marketing and leasing of the project.
“The Houston MSA continues to attract occupiers that are new to the market as companies expand their supply chains across the country, and we think these two buildings at East Bay Trade Center are sized right for that demand,” said McGee.
The project is located less than 1.5 miles South of Interstate 10 fronts Grand 99 Parkway, which provides direct access to the Port of Houston.
Munson & Associates designed East Bay Trade Center. The civil engineer is Waneck Civil Engineering, and the general contractor is FCL Builders.
“The partners would like to thank the Chambers County Commissions Court, especially Commissioner Dagley and B.J. Simon, President of Baytown-West Chambers County Economic Development Foundation, who were instrumental in turning a former pasture into what will be a best-in-class logistics park,” added Newell.
East Bay Trade Center is expected to be completed in 4th Quarter 2025.
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About Rockefeller Group
Rockefeller Group develops, owns and operates extraordinary properties across the United States. For nearly a century, the company has delivered exceptional experiences and value creation through dedication to quality in the built environment. The company’s portfolio spans the development of industrial, office, multifamily and mixed-use projects across six geographic regions as well as significant ownership interest in and management of approximately six million square feet of world-class office space in Manhattan. Visit RockefellerGroup.com.
About Falcon Commercial Development
Falcon Commercial Development is a privately owned industrial development company committed to providing principled real estate solutions and opportunities for industrial users, owners, and investors. With over 60 years of combined development experience between our partners, we are focused on developing institutional grade industrial properties in core Texas markets. Founded by Doug Johnson and Ben Newell, the founding partners have cumulative development experience of 127 industrial buildings totaling 48 million square feet. Veteran and nimble leadership, along with a commitment to transparency and consistency, enables Falcon to provide our customers with personalized service and a top-quality final product.
About Colliers
Colliers is a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management. With operations in 70 countries, our 22,000 enterprising professionals provide exceptional service and expert advice to clients. For nearly 30 years, our experienced leadership – with substantial inside ownership – has consistently delivered approximately 20% compound annual investment returns for shareholders. With annual revenues exceeding $4.5 billion and $99 billion of assets under management, Colliers maximizes the potential of property, infrastructure and real assets to accelerate the success of our clients, investors and people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
Media Contact:
Rockefeller Group
Brian Mahoney
212-282-2590
bmahoney@rockefellergroup.com