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T. Preston Herold
Hunt Southwest Underway on Largest Spec Industrial Building Ever to be Built in Houston Market
Firm utilizing entrepreneurial capital to address market demand, build 1M SF+ facility
HOUSTON — September 8, 2020 — Hunt Southwest Real Estate Development is underway with construction of the largest speculative industrial building ever to be built in the greater Houston area. Cedar Port Trade Center, located at the intersection of FM 1405 and Borusan Road in Chambers County, is set for a March 2021 delivery.
The facility, which is located in the booming, multi-modal TGS Cedar Port Industrial Park, is ideally located for warehousing, distribution and fulfillment operations and offers prime access to Grand Parkway (Highway 99), Interstate 10, State Highways 225 and 146, and the Port of Houston’s Bayport and Barbours Cut container terminals. Industry leaders such as Home Depot, IKEA and Walmart all have major distribution and fulfillment centers in the Cedar Port Industrial Park, taking advantage of the location and access to abundant, cost-effective labor.
“COVID-19 has accelerated the shift from bricks-and-mortar retail sales to e-commerce and fulfillment, and it’s the large users that are actively signing leases in this environment,” said Hunt Southwest President Preston Herold. “Yet the capital markets and spec development community have not adapted quickly enough to meet the requirements of these larger e-commerce/fulfillment users. As a result, these larger users have had to resort to the time-consuming, build-to-suit route. We are deploying our entrepreneurial capital to take advantage of this market inefficiency and provide immediately occupiable, state-of-the-art space to these large users.”
The 1-million-square-foot facility will feature highly desirable amenities such as 40-foot clear height, LED warehouse lighting, ESFR sprinkler system and expansive parking for cars and trailers. Twenty-five acres of additional adjacent land allows for the expansion of the building to 1.3 million square feet or the addition of vehicle/trailer parking, or outside storage.
Powers Brown Architecture is the architect on the project, and E.E. Reed Construction, L.P., is the general contractor. CBRE’s Jason Dillee and Nathan Wynne are the leasing agents for Cedar Port Trade Center.
Hunt Southwest has an extensive track record in the industrial market in Texas with 4.5 million square feet of speculative industrial buildings developed or under development since 2016. The firm recently announced another new speculative industrial complex under construction in the El Paso market.
About Hunt Southwest Real Estate Development
Hunt Southwest Real Estate Development is a Dallas-based, full-service real estate development company with a focus on industrial and cold storage real estate development in the Texas market.
Hunt Southwest is a joint venture between Hunt Midwest and Unity Hunt. It is the second real estate development enterprise founded by the Lamar Hunt family, following the success of Hunt Midwest, which was established in 1985. The Hunt family business is a diverse portfolio of entities involved in real estate, sports/media, energy/resources, and private equity investments. Other marquee entities include the Kansas City Chiefs, FC Dallas Soccer Club, Toyota Stadium, Chicago Bulls and United Center.
About TGS Cedar Port Industrial Park
TGS Cedar Port Industrial Park is the largest master-planned, rail-and-barge-served industrial park in the U.S. It comprises approximately 15,000 acres in Chambers County, TX, in the Greater Houston area, and it offers industry-leading access for distribution, manufacturing, and terminal users. The park is capable of storing 4,000 railcars per day and has access to both Union Pacific and BNSF railroads. The park currently has a combination of more than 14 million sq. ft. of warehouse space either existing or under construction.
Trans-Global Solutions, the operator of TGS Cedar Port Industrial Park, is an industrial development company, a leading provider of transportation services, and a top provider of comprehensive railroad and heavy civil construction services. Its diverse capabilities include ocean and barge terminal development and operations, earthwork and railroad construction, inspection and maintenance, 3rd party rail switching, locomotive leasing, and railcar storage. To learn move, visit www.tgsgroup.com and www.tgscedarport.com.
Cedar Port Trade Center Attachments: Marketing Brochure | Rendering | Aerial | Site Plan