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

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

The Wideman Co. Buys Downtown Tower From Brookfield: The Houston Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Forget Buildings, Retailers Are Leasing Environments

Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy