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

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Airbnb Launches $250M Fund To Invest In Affordable Housing

Brookfield Buys Minority Stake In Hyperscale Data Center Developer AREP

Judge Dismisses Suit Alleging Alexandria Misled Investors Over Portfolio Strength

How Companies Can Eliminate Shadow AI And Gain Value From Artificial Intelligence Tools

Canadian CRE Investors Shrug Off Trade War, Spend $9B On U.S. Assets

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where