{"id":1004605850,"date":"2022-10-06T04:07:28","date_gmt":"2022-10-06T12:07:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004605850"},"modified":"2022-12-08T19:00:59","modified_gmt":"2022-12-09T03:00:59","slug":"volkswagen-launches-import-hub-on-texas-gulf-coast","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/volkswagen-launches-import-hub-on-texas-gulf-coast\/","title":{"rendered":"Volkswagen Launches Import Hub on Texas Gulf Coast"},"content":{"rendered":"
\"Volkswagen<\/a>

Port Freeport site. Image courtesy of Volkswagen Group of America<\/p><\/div>\n

Volkswagen Group of America<\/strong> has commissioned a new Gulf Coast hub in Port Freeport, Texas, a facility that will accommodate the importation of 140,000 vehicles per year and will serve nearly 300 Volkswagen dealers in the U.S.<\/p>\n

The project will be built in collaboration with real estate investment management company PRP<\/strong>, of Washington, D.C., and corporate development and investment firm KDC<\/strong>, of Dallas.<\/p>\n

The facility is expected to break ground later this year and be operational in early 2024. Dollar values for the project and for Volkswagen\u2019s 20-year lease on it were not disclosed.<\/p>\n

Current Volkswagen Group of America port operations in Houston and Midlothian, Texas, will be consolidated into the new hub at Port Freeport.<\/p>\n

Freeport is in Brazoria County, directly south of Houston, so roughly 30 miles southwest down the Gulf Coast from Galveston Bay. It\u2019s part of the Houston-The Woodlands-Sugar Land MSA.<\/p>\n

Developing Port Freeport will enable Volkswagen Group of America to import about 140,000 vehicles per year, primarily from its production hubs in Mexico, as well as from Europe.<\/p>\n

\n

READ ALSO<\/strong>: Top 5 Markets for Industrial Construction Activity<\/a><\/p>\n

\n

Roll-on\/roll-off business at Port Freeport has been expanding, according to its website. In 2018, the port handled nearly 70,000 vehicles, a 40 percent increase from the previous year. An expansion now underway will add parking for about 4,000 vehicles.<\/p>\n

In a prepared statement, Anu Goel, executive vice president, Group After Sales & Services, at Volkswagen Group of America, said the new hub at Port Freeport will allow the company to serve nearly one-third of its U.S. dealer network more efficiently and more sustainably.<\/p>\n

Paul Dougherty, president of PRP, added that the asset complements PRP\u2019s net lease portfolio of newer construction facilities leased by investment grade tenants on a long-term basis in strong U.S. logistics markets.<\/p>\n

JLL<\/strong> assisted Volkswagen Group of America in the site selection process for a consolidated port facility along the Gulf of Mexico.<\/p>\n

Corporate builder<\/h2>\n

As a corporate developer, KDC has produced about 33 million square feet valued at more than $9 billion, not just corporate offices, but also data center and broadcast studio build-to-suits. Its clients have included FedEx, J.P Morgan Chase, Liberty Mutual, Raytheon, State Farm and Toyota North America.<\/p>\n

In July, KDC completed the second phase of the new, $150 million Dallas-area headquarters for Independent Financial<\/a>. The 198,000-square-foot building in McKinney, Texas, is LEED Silver certified.<\/p>\n

Just a couple of weeks earlier, KDC had announced the approval of rezoning of the site for its planned 1.6-million-square-foot office campus<\/a> in Irving, Texas, in the Dallas\u2013Fort Worth metro.<\/p>\n","protected":false},"excerpt":{"rendered":"

PRP and KDC are teaming up to develop the build-to-suit facility.<\/p>\n","protected":false},"author":882,"featured_media":1004605866,"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":[32796,33619,35386],"class_list":["post-1004605850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-houston","category-industrial","category-latest","tag-jll","tag-kdc","tag-volkswagen-group-of-america"],"acf":[],"yoast_head":"\nVolkswagen Launches Import Hub on Texas Gulf Coast - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Volkswagen Group of America has commissioned a new Gulf Coast hub in Port Freeport, Texas, that will accommodate the importation of vehicles.\" \/>\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\/volkswagen-launches-import-hub-on-texas-gulf-coast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Volkswagen Launches Import Hub on Texas Gulf Coast\" \/>\n<meta property=\"og:description\" content=\"Volkswagen Group of America has commissioned a new Gulf Coast hub in Port Freeport, Texas, that will accommodate the importation of vehicles.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/volkswagen-launches-import-hub-on-texas-gulf-coast\/\" \/>\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=\"2022-10-06T12:07:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:00:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/Port-Freeport-site-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"835\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/volkswagen-launches-import-hub-on-texas-gulf-coast\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/volkswagen-launches-import-hub-on-texas-gulf-coast\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Volkswagen Launches Import Hub on Texas Gulf Coast\",\"datePublished\":\"2022-10-06T12:07:28+00:00\",\"dateModified\":\"2022-12-09T03:00:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/volkswagen-launches-import-hub-on-texas-gulf-coast\\\/\"},\"wordCount\":446,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/volkswagen-launches-import-hub-on-texas-gulf-coast\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/10\\\/Port-Freeport-site-featured.jpg\",\"keywords\":[\"JLL\",\"KDC\",\"Volkswagen Group of America\"],\"articleSection\":[\"Development\",\"Featured\",\"Houston\",\"Industrial\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/volkswagen-launches-import-hub-on-texas-gulf-coast\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/volkswagen-launches-import-hub-on-texas-gulf-coast\\\/\",\"name\":\"Volkswagen Launches Import Hub on Texas Gulf Coast - 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