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The retailer’s 500-square-foot build-to-suit warehouse will join other major companies with a presence at the industrial park, including IKEA, Walmart, Home Depot and Floor & Décor.Īccording to the Houston Chronicle, Walmart is expanding its presence by building a new 1 million-square-foot distribution center at Cedar Port Trade Center, located within the 15,000-acre industrial park. The terminal is expected to be completed by the second quarter of 2023.Įarlier this year, Article, an online furniture retailer, announced its first Texas fulfillment center at Cedar Port. The truck terminal will include a build-to-suit office, a guard shack, a 10,000-square-foot truck maintenance facility and a potential fueling station. “The opportunity to join the incredible development at Cedar Port Industrial Park and bring the very first spec truck terminal to the area is tremendous and we look forward to continued involvement in Houston’s logistics market.” “Houston has proven itself as a powerhouse logistics hub,” said Hower Wedren, Dayton Street Partners founder and managing principal, in a press release. The intermodal transportation logistics facility offers direct access to major interstates and highways, including Grand Parkway, and the Houston Ship Channel, and rail service. According to a press release, the Chicago-based developer said the park’s location was key in the decision. Dayton Street Partners made the 47.4-acre purchase at the industrial park located in Chambers County. TGS Cedar Port Industrial Park has announced several new industrial projects or expansions, including a new 164,000-square-foot Class-A speculative truck terminal. Industrial parks in the greater Houston area are attracting significant new development projects and tenant companies, proving the region’s strength as a logistics hub.

Learn more about Houston’s competitive taxes & incentives and explore the region. “We expect 2022 to be another great year for Houston Industrial,” Mainguy said.

The report states businesses are attracted to Houston’s tax incentive programs and access to an array of logistics hubs, including four deep-water seaports, rail service, two international airports and an extensive highway system.

“After the incredible rent growth of 2021, landlords have more opportunity to raise rents than any time in recent history.” “Houston is poised for perhaps the most cap rate compression of all the major Texas markets this year,” CBRE Executive Vice President Jonathan Bryan said. Houston decreased its vacancy rate to 6.6% in 2021 from 7.9% in 2020. General retailer and wholesalers and third-party logistic companies were the most active occupier types in 2021, according to the report. “Houston’s pro-business environment, favorable real estate conditions and population growth continue to drive its thriving big-box industrial market,” said CBRE Senior Managing Director Peter Mainguy in the report.Īccording to the report, tenants across the nation leased an unprecedented amount of industrial space last year to serve a growing number of online customers and combat supply chain disruptions. Top big-box industrial growth markets for 2021 (credit: CBRE)