Houston-based third-party logistics firm Palmer Logistics has leased almost 500,000 square feet of warehouse space from First Industrial Realty Trust at InterPort Distribution Center in the Houston suburb of Pasadena. Specifics of the lease were not disclosed. The InterPort development (pictured)–which includes industrial, distribution and warehouse facilities –was built in 2007. The Houston Chronicle report said Palmer Logistics leased 468,000 square feet of the center\u2019s 598,000 square feet. More than one-half of Palmer Logistics\u2019 business is transported by the ports in Houston. \u201cThis served a dual purpose of being close to the ports and because of its size,\u201d Palmer executive vice president Brett Mears told CPN today. \u201cWe wanted to position our client in the best place and this location is only three miles from both of the main container ports. The size also played a major role.\u201dThe Port of Houston handles 69.6 percent of the Gulf Coast containerized cargo market and 95.5 percent of the containers moving through Texas. Much of that activity takes place at Barbours Cut Container Terminal, the largest container terminal on the Gulf Coast.First Industrial Realty Trust has broken ground on a second speculative distribution center near the port with 735,000 square feet of space.\u201cBased on the success we\u2019ve had with the first phase, we broke ground on the second phase,\u201d Troy MacMayne, regional director with First Industrial, told CPN. \u201cWith the demonstrated interest in the port and the absorption there, we started Phase II, which should be completed by December. This is largely driven by the Bayport and Barbours Cut terminals and the overall energy industry to help spur development there.\u201dPalmer Logistics is a Houston-based third-party warehousing, packaging and distribution firm handling products including food, lumber and chemicals, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"
Houston-based third-party logistics firm Palmer Logistics has leased almost 500,000 square feet of warehouse space from First Industrial Realty Trust at InterPort Distribution Center in the Houston suburb of Pasadena. Specifics of the lease were not disclosed. The InterPort development (pictured)–which includes industrial, distribution and warehouse facilities –was built in 2007. The Houston Chronicle report…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003824998","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n