Houston, Texas

JACINTOPORT
From the Dawn of the Texas Republic to a World ClassInternational Shipping and Logistics Center

HOUSTON, Texas, August 23, 2007 – Colliers International in Houston is pleased to announce the partial sale of Jacintoport Industrial Park, Houston’s premiere industrial site located at the southeast corner of Beltway 8 East and I-10 East. Of the original 4,000-acre park, Houston-based Pinto Realty Partners, in a joint venture with ING Clarion, Ltd., recently purchased in excess of 1,226 acres for planned usage. The Houston office of Colliers International represented both the purchaser and seller in this transaction with Michael J. Taetz, SIOR, Principal/Director and Gary A. Mabray, SIOR, Principal negotiating on behalf of the purchaser, and James H. Glanville, Principal/Director representing the seller.

A Unique Industrial Environment

The purchased property is located in one of the most unique industrial environments in the Houston market and features approximately 432 acres fronting deep water on the Houston Ship Channel, 213 acres of “upland” industrial sites, a 209 acre nature conservancy, over 100 miles of available pipeline easements, and a 372 acre private dredge spoil and reclamation facility. According to Gary Mabray, “The property’s deep water tract is the largest remaining privately-owned site available along the Houston Ship Channel. What this means to commercial industrial users is the ability to capitalize on the strategic location of this site while retaining maximum control of logistics-based business activity.” Michael Taetz added, “The site’s distribution strength is further enhanced by offering rail service from both the Union Pacific (UP) and the Burlington Northern Santa Fe (BNSF) with switching by the Port Terminal Railroad Association (PTRA) allowing customers within Jacintoport more competitive pricing and flexible delivery schedules.”

Then and Now

From the beginning, Colliers International in Houston has been involved in Jacintoport since the land was acquired from the U.S. Army in 1968, long before the construction of Beltway 8 and much of the current development in East Houston. Currently home to over thirty major industrial companies, it is now recognized as the industrial epicenter of the Port of Houston and Ship Channel related developments.

Future Plans for the New Jacintoport

According to a recently released 2006 Economic Impact Study, the Port of Houston generates an estimated $117.6 billion for the State of Texas, with cargo activity increasing in the past six years by nearly 50 million tons. Accordingly, Jacintoport is well positioned with access to world class infrastructure to meet the demands of increasing trade globalization and the burgeoning ship channel activity and growth.

“By providing deep water access that is connected to major rail and interstate highway infrastructure, companies with global demands are afforded an opportunity to receive and distribute products by truck, rail, ship or barge. The efficiency of a true multimodal location is essential for logistics-based companies in today’s global marketplace,” says Ernest D. Cockrell of Pinto Realty Partners.

Given the strong interest in portions of the property expressed by future users of the site, the owners are currently studying options to upgrade and reposition the property as Houston’s premiere industrial site featuring deep water docks and substantially expanded rail service. Industrial uses include bulk materials storage and handling, liquid product throughput, container-related warehousing and trans-loading, as well as oilfield-related fabrication facilities. Pinto and ING plan to develop, lease and hold the industrial properties long term.

The Purchasers

Pinto Realty Partners is a private, Houston-based real estate investment and developmentcompany. Pinto’s investment activities include industrial, commercial and residentialdevelopment projects in the United States and select international markets.Founded in 1982, ING Clarion and its affiliates manage more than $48 billion in assets inthe private equity, public equity, and public debt sectors of the real estate markets. The INGClarion organization has nearly 600 employees located in major markets throughout theUnited States ING Clarion is the U.S. investment management arm of ING Real Estate, aninternational real estate organization with offices in 21 countries and activities in investmentmanagement, development and finance. Together, INC Clarion and ING Real Estate have$126 billion in real estate assets under management, making ING the largest real estateinvestment manager in the world.

View Jacintoport Press Release PDF

About Colliers International

Colliers International is a global affiliate of independently owned and operated commercial real estate firms. The organization’s 10,171 employees span the world in approximately 267 offices in 57 countries. On a worldwide basis, Colliers manages 672.9 million square feet, with 2006 transactions valued at $63.5 billion and revenue in excess of $1.6 billion.

For 50 years, Colliers International has provided real estate solutions to many of Houston’s leading corporations, institutions, and small businesses, making us the longest-standing full service firm in the Greater Houston area. Our services include owner and tenant representation in leasing, acquisition, sale and financing for office, industrial, retail, investment, medical, and mixed use development and land.

Contact Information

J. Fred Baca
President
713.830.2125
fbaca@collierstexas.com

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