{"id":1004476981,"date":"2020-09-10T03:25:17","date_gmt":"2020-09-10T11:25:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004476981"},"modified":"2020-09-10T06:33:58","modified_gmt":"2020-09-10T14:33:58","slug":"houstons-largest-spec-industrial-project-gets-underway","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/","title":{"rendered":"Record-Setting Houston Industrial Project Gets Underway"},"content":{"rendered":"
\"\"<\/a>

Cedar Port Trade Center. Image courtesy of Hunt Southwest Real Estate Development<\/p><\/div>\n

Hunt Southwest Real Estate Development is going vertical with construction on what reportedly is the largest speculative industrial building<\/a> ever developed in the Greater Houston area.<\/p>\n

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READ ALSO<\/strong>: Infill Logistics Demand to Last: Report<\/a><\/p>\n

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Cedar Port Trade Center is at the intersection of FM 1405 and Borusan Road in Chambers County, in the multi-modal TGS Cedar Port Industrial Park, and will total about 1 million square feet. The project\u2019s dollar value has not been disclosed.<\/p>\n

The facility will feature 40-foot clear height, LED warehouse lighting, an ESFR sprinkler system and extensive parking for cars and trailers. Twenty-five acres of adjacent land allows for the later expansion of the building to 1.3 million square feet or the addition of vehicle\/trailer parking and outside storage.<\/p>\n

As of now, the slab has been fully poured and the steel structure is being erected, Hunt Southwest President Preston Herold told Commercial Property Executive<\/em>. He added that the developer will be \u201ctilting panels by the end of the month<\/em>,\u201d en route to a March 2021 delivery.<\/p>\n

Powers Brown Architecture is the project\u2019s architect and E.E. Reed Construction L.P. its general contractor. Jason Dillee and Nathan Wynne of CBRE are the building\u2019s leasing agents.<\/p>\n

Nation\u2019s largest rail- and barge-served industrial park<\/h2>\n

TGS Cedar Port Industrial Park offers access to Grand Parkway (Highway 99), I-10, State Highways 225 and 146, and the Port of Houston\u2019s Bayport and Barbours Cut container terminals, as well as barge terminals. It also has service from the Union Pacific and BNSF railroads and can store 4,000 railcars.<\/p>\n

\"\"<\/a>

Cedar Port Trade Center. Image courtesy of Hunt Southwest Real Estate Development<\/em><\/p><\/div>\n

The park is the nation\u2019s largest master-planned, rail- and barge-served industrial park. Operated by Trans-Global Solutions, it totals about 15,000 acres in Chambers County. It currently has more than 14 million square feet of warehouse space either existing or under construction, with occupants including Home Depot, Ikea and Walmart.<\/p>\n

COVID-19 has accelerated the shift from bricks-and-mortar retail sales to e-commerce and fulfillment, Herold said in a prepared statement. He added that the large e-commerce users are actively signing leases in this environment and yet the capital markets and spec development community have not adapted quickly enough to meet their requirements.<\/p>\n

Construction vs. absorption<\/h2>\n

In connection with another slice of its business, in July of last year Hunt Southwest (with FCL Builders) completed a 300,000-square-foot cold storage property near Fort Worth, Texas.<\/p>\n

Big as it is, Cedar Port Trade Center is just a modest part of the Houston area industrial market\u2019s growth, according to a second-quarter report from JLL. The metro has seen 14 million square feet of deliveries so far this year, on an inventory of 451.8 million square feet. Unfortunately, JLL notes, net absorption has slowed to only 3.8 million square feet this year, contributing to an increase in the market’s average vacancy, to 8.8 percent as of the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hunt Southwest Real Estate Development is building the 1 million-square-foot project to meet the requirements of large e-commerce users.<\/p>\n","protected":false},"author":882,"featured_media":1004477020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,1589,21748,21742],"tags":[32789,32914,50182,32796,36732,50185],"class_list":["post-1004476981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-houston","category-industrial","category-latest","tag-cbre","tag-e-commerce","tag-hunt-southwest-real-estate-development","tag-jll","tag-powers-brown-architecture","tag-reed-construction"],"acf":[],"yoast_head":"\nRecord-Setting Houston Industrial Project Gets Underway - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record-Setting Houston Industrial Project Gets Underway\" \/>\n<meta property=\"og:description\" content=\"Hunt Southwest Real Estate Development is building the 1 million-square-foot project to meet the requirements of large e-commerce users.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-10T11:25:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-10T14:33:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Cedar-Port-Trade-Center-02.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/\",\"name\":\"Record-Setting Houston Industrial Project Gets Underway - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Cedar-Port-Trade-Center-02.jpg\",\"datePublished\":\"2020-09-10T11:25:17+00:00\",\"dateModified\":\"2020-09-10T14:33:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houstons-largest-spec-industrial-project-gets-underway\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Cedar-Port-Trade-Center-02.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/Cedar-Port-Trade-Center-02.jpg\",\"width\":800,\"height\":620,\"caption\":\"Cedar Port Trade Center. 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