Demand For Distribution Space Spurs 3M SF Of Spec In Baytown
Houston's hot industrial market continues to spur industrial development. Houston-based Pontikes Development is set to break ground on Port 10 Logistics Center, a rail-served Class-A industrial development that will encompass 3M SF of warehouse and distribution space on Interstate 10, near the Houston Ship Channel. The first phase of the project is scheduled to deliver in the third quarter of 2018.
The development embodies a growing trend in Houston, driven by consistent population growth, toward Class-A, big-box warehouse space suited for the distribution of goods to consumers. A record seven warehouse and distribution facilities larger than 400K SF are delivering in 2017, according to JLL.
Situated on 246 acres, Port 10 Logistics Center will be at the southeast corner of Thompson Road and I-10 in Baytown. The development will offer approximately 450 on-site railcar spots and direct access to Union Pacific’s Coady rail yard, which can provide additional storage for high-volume rail users. The industrial park’s rail system is designed to support the largest containers being shipped today and the biggest rail users in the area.
JLL’s John Talhelm and Kevin Erck will lead the leasing and marketing efforts on behalf of Pontikes Development.