IKEA Looking At 1M SF Near Port

IKEA is in talks with Clay Development & Construction to lease 1M SF of distribution buildings at Cedar Port Industrial Park, a nearly 11,000-acre industrial park near the Port of Houston. The center would be IKEA's first distribution center on the Gulf Coast, serving stores in Dallas, Round Rock and Houston.

Nothing has been finalized and it's unclear whether IKEA is looking at other areas, the Houston Business Journal reports. The company recently broke ground on a similar 1.25M SF facility in Joliet, IL. IKEA operates more than 380 stores in 48 countries. It has 41 retail stores in the US. [HBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Proposed EPA Rule Change Could Cut Months From Timelines Of Projects Near Wetlands

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Heitman, Andover Target Self-Storage With New Investment JV

U.S. Multifamily Market Regaining Its Balance As Yearslong Supply Wave Tapers Off

Clarion Hires Prologis Executive To Lead Power Strategy

Why Data Centers Need To Embrace 'Responsible Resiliency'

The Bridge-To-Bridge Bet Is Holding Off CRE's 'Day Of Reckoning' — For Now

Augmentation, Not Replacement: How AI Platforms Are Streamlining Front Desk Teams

Lawmakers Punt On Stripping Approvals From 15 Projects In Data Center Alley

Success Of Top-Tier Malls Masks Enduring Distress In Sector's Underbelly

HUD Launches Investigation Into Wells Fargo's Efforts To Support Black Homeownership

Logistics Company Buys Land For 1.2M SF Phoenix Industrial Park