{"id":1004732964,"date":"2024-10-15T02:07:29","date_gmt":"2024-10-15T10:07:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004732964"},"modified":"2024-10-15T06:01:16","modified_gmt":"2024-10-15T14:01:16","slug":"mdh-partners-buys-ikea-distribution-center-near-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mdh-partners-buys-ikea-distribution-center-near-houston\/","title":{"rendered":"MDH Partners Buys IKEA Distribution Center Near Houston"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Cedar-Port-IKEA.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004732968\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mdh-partners-buys-ikea-distribution-center-near-houston\/cedar-port-ikea\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Cedar-Port-IKEA.jpg\" data-orig-size=\"1392,1044\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1717657260&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Cedar Port IKEA\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Cedar-Port-IKEA.jpg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Cedar-Port-IKEA.jpg?w=1024\" alt=\"Aerial view of Cedar Port IKEA, a two-building distribution center in Baytown, Texas\" class=\"wp-image-1004732968\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Cedar-Port-IKEA.jpg 1392w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Cedar-Port-IKEA.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Cedar-Port-IKEA.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Cedar-Port-IKEA.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Cedar Port Distribution Park is fully leased to IKEA. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>MDH Partners has acquired Cedar Port IKEA, a 996,482-square-foot industrial distribution center in Baytown, Texas, near Houston. JLL represented the seller, identified by CommercialEdge as Blackstone&#8217;s Link Logistics.<\/p>\n\n\n\n<p>Also known as Cedar Port Distribution Park, the asset is fully leased to Ikea and consists of two similar facilities: Building A, of 495,462 square feet, and Building B, of 510,020 square feet.&nbsp;<\/p>\n\n\n\n<p>Both Class A warehouses came online in 2017 and feature 32-foot clear heights, large 190-foot truck courts, ESFR sprinkler systems, abundant trailer parking and future rail capability.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-industrial-report\/\">E-Commerce Growth Revives Industrial Market<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at 4762 and 4830 Borusan Road, the industrial campus is only 2 miles from State Highway 99 and some 13 miles from Barbours Cut Container Terminal, offering regional connectivity and streamlined access to the Port of Houston.<\/p>\n\n\n\n<p>The property is part of Cedar Port Industrial Park, reportedly the largest master-planned, rail- and barge-served industrial park in the U.S. The 15,000-acre campus features heavy utilities and tenants such as Walmart, GE, DHL and The Home Depot.<\/p>\n\n\n\n<p>JLL Industrial Group Co-Lead &amp; Senior Managing Director Trent Agnew, Senior Director Charlie Strauss and Director Lance Young led the Capital Markets Investment Sales and Advisory team representing Link.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-balanced-growth\">Balanced growth<\/h2>\n\n\n\n<p>For the first time in more than 18 months, construction of industrial space in metro Houston rose quarter-over-quarter to a total of 8.8 million square feet, according to a third-quarter report from JLL.<\/p>\n\n\n\n<p>Deliveries year-to-date have amounted to about 15 million square feet. However, occupancy gains in the third quarter outpaced completions nearly two-to-one, pushing total vacancy down to 7.1 percent, also per JLL.<\/p>\n\n\n\n<p>Around the beginning of September, <a href=\"https:\/\/www.commercialsearch.com\/news\/ares-lands-full-building-industrial-tenant-in-houston\/\">Safespill signed a full-building lease<\/a> for Ares Management\u2019s 192,400-square-foot Brittmoore Industrial Development, a Class A infill distribution facility in Houston. Transwestern Real Estate Services and Colliers represented the tenant and the owner, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Link Logistics sold the nearly 1 million-square-foot property.<\/p>\n","protected":false},"author":882,"featured_media":1004732968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21748,21783,21742,51973],"tags":[33449,32796,51531,51687,33129,37188],"class_list":["post-1004732964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-industrial","category-investment","category-latest","category-southwest","tag-ikea","tag-jll","tag-link-logistics","tag-mdh-partners","tag-the-blackstone-group","tag-trent-agnew"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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