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Home Depot On Chambers And Parker
Published 8:14 am, Tuesday, December 9, 2014
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Cedar Crossing aeriform view
Cedar Crossing aeriform view
Cedar Crossing, world’s fifth better automated park, is sold
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Cushman & Wakefield (C&W) today appear the auction of Cedar Crossing, a 10,897-acre automated esplanade abreast Houston. The transaction represents one of the distinct better acreage sales in the history of the Houston area. C&W represented the seller, Cedar Crossing L.P., a affiliation of breadth investors managed by Charles Iupe. The admeasurement of the acreage awash is according to three-fourths that of New York’s Manhattan Island.
The C&W aggregation of Kelley Parker, John Littman, Coe Parker and Tim Thomas handled the business and auction of the site. Mr. Parker’s 24-year acquaintance with business the acreage began in 1990 back C&W represented the armpit for USX Realty Development and assertive Mr. Iupe to acquirement the project.
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Trans-Global Solutions, Inc. (TGS), a absolutely chip railroad service/logistics provider for abounding Fortune 500 companies with offices in Beaumont and Houston, TX, is the majority client of the buyer, TGS Cedar Port Partners L.P. TGS has been the abuse account provider for Cedar Crossing back its inception.
With a absolute amplitude of 15,000 acres, Cedar Crossing Automated Esplanade is advised the world’s fifth better automated esplanade and the better on the Gulf Coast. The Esplanade is amid 20 afar east of Houston in Chambers County, anon beyond the Houston Ship Channel from the Bayport and Barbours Cut alembic terminals. Cedar Crossing is ideal for ablaze or abundant industrial, accomplishment of all types, beach operations and warehouse/distribution facilities. Approximately 65% of the Esplanade charcoal abortive and is accessible for approaching expansion.
“This transaction comes at a time back low accustomed gas prices are active accomplishment expansions and relocations beyond the U.S.,” said John Morris, C&W’s Automated Services Lead for the Americas. “We see barter amid South America, Asia and the U.S. assertive for activating advance due to the achievement of the Panama Canal amplification in 2015.”
To date, Cedar Crossing has admiring abounding top-tier companies with cogent operations: Home Depot’s 755,000-square-foot administration hub, Walmart’s 4.2 million-square-foot acceptation centermost (their better in the U.S.), JSW Steel’s bowl and aqueduct accomplishment facilities, and Borusan Mannesmann’s $148 actor animate aqueduct accomplishment facility. Other occupants accommodate Exel, S&B Engineers, National Oilwell, GE Water, TMK-IPSCO, Century Asphalt, Samson Controls, and LS Energy Fabrication.
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Perfectly positioned as one of the world’s best important intermodal acumen parks, Cedar Crossing offers bifold abuse account with ample abuse infrastructure; specifically, 57 afar aural the Park, with absolute accumulator for over 1,700 railcars.
The Esplanade has benefitted from the architecture of the Fred Hartman Bridge, the achievement of the Grand Parkway, and a $50 actor advance of accessible funds by the Chambers County Improvement District I for basement improvements including the Accessible Barge Dock and its contempo expansion. Additional basement improvements are planned by the new buying and will be appear at a after date.
Cedar Crossing appearance above freeway admission by way of the Grand Parkway to Interstate 10, Highway 225, and State Highway 146; an all-encompassing gas and actinic activity administration network; admission to the Gulf Coast region’s centermost of all-embracing barter via the Port of Houston, as able-bodied as admission to the Barbours Cut and Bayport alembic facilities.
“This cogent transaction is a acceptable attestation to the Park’s capabilities and infrastructural accent and a campanology endorsement of the Baytown/Chambers County breadth as an bread-and-butter powerhouse,” said Kelley Parker, C&W Executive Vice President. “It’s amazing to accept witnessed immediate the advance of the Park, in 24 years, from simple pastureland to what it is today.”
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