TGS Cedar Port Industrial Park Closes on ±99.3 Acre Sale to Floor and Décor Outlets of America, Inc.
Houston, TX, February 8, 2021 – TGS Cedar Port Partners, L.P. is pleased to announce the sale of 99.3 acres to Floor and Décor Outlets of America, Inc. (“Floor & Décor”).
Floor & Décor is building a 1.5 million square foot cross dock distribution center that will service the south-central United States. Floor & Décor closed on the property December 2020 and started construction of the building pad within a couple weeks. With an aggressive schedule to be complete by the end of 2021 Trans-Global Solutions, Inc., the site civil contractor, had to hit the ground running with over fifty pieces of civil equipment working to complete the building pad by March.
Per William F. “Bill” Scott, Managing Partner, “this is an exciting time for TGS Cedar Port Partners L.P. (“Cedar Port”). The decision of Floor & Décor to locate in Cedar Port for their regional distribution site follows a trend for larger retailers and e-commerce tenants to choose Cedar Port Industrial Park as their large-scale distribution home. This in turn continues to fuel our growth, allowing us to further enhance our infrastructure and fuel the Partnerships commitment to invest hundreds of millions of dollars on capital improvements in the largest industrial park in North America. Cedar Port has a global reach supported by the two Port of Houston world-class container ports near the park. By the end of 2021, Cedar Port will have constructed over $250 million in rail, roadway, barge terminal, drainage and utility infrastructure. Our 2021 capital budget contemplates an additional $50 million in similar improvements. We anticipate further announcements in first quarter 2021 of other commitments to develop inside Cedar Port.”
According to John Simons, Partner with NAI Partners, “We are now in a position to create development solutions for a wide range of links in the supply chain – from rail-served bulk goods and manufacturing through distribution space and ecommerce-retail delivery.”
TGS Cedar Port Industrial Park, located in West Chambers County near Houston, Texas, is the largest master-planned, rail-and-barge-served industrial park in the U.S. and offers industry-leading access for distribution, manufacturing, and terminal operations. Situated across the Houston Ship Channel from Bayport and Barbours Cut Container Terminals, Cedar Port spans approximately 15,000 acres of land which is approximately 25 feet above sea level with heavy utilities and industrial and commercial transportation infrastructure. 11,000 total acres are available for sale, lease, design builds, and build-to-suit developments. The park includes in excess of 3 miles of barge depth waterfront, land sites are delivered “turn-key”—fully entitled with utilities, drainage, and detention. The Park is both barge-served and is dual served by the Union Pacific and the BNSF railroads, and can accommodate developments from 5 acres to more than 1,500 acres.
Cedar Port currently has over 16 million square feet of industrial and manufacturing warehouses that are either existing or under construction. The park includes household names such as Walmart, Ikea, Home Depot, Ravago, Vinmar, PBP, and DHL.
For additional information please contact either John Simons, Joel Michael, SIOR, or Holden Rushing at 713.629.0500.
About NAI Partners – NAI Partners is the 5th-largest Houston-Area Commercial Real Estate Brokerage, the #1 Mover of Square Feet among leasing and sales brokerages, the largest independently owned and among the largest owner-operated commercial real estate firms in Houston, Texas, per The Houston Business Journal. NAI Partners was founded and is headquartered in Houston and has offices in San Antonio and Austin; offers the geographic expertise to complete real estate transactions throughout the state of Texas; and can leverage the power of the NAI Global network to arrange deals in any location throughout the world. NAI Partners employs more than 100 real estate professionals, and arranges more transactions than any of its competitors, completing over 500 commercial lease and sale arrangements every year. NAI Partners is a full-service firm offering client leasing and sales solutions in the areas of office tenant representation, office landlord representation, industrial tenant representation, industrial landlord representation, landlord services, retail services, property management, investment sales, an investment fund, and project management, among other services. The company has been named a Best Place to Work by both the Houston Chronicle and Houston Business Journal, and is among the University of Houston’s Cougar 100 Fastest-Growing Companies.