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Colliers announces the sale of 1405 Cedar Port Park in Baytown, Texas

 

Colliers is pleased to announce the sale of 1405 Cedar Port Park, a 210,887 square foot four building industrial site, located within Cedar Port Industrial Park in Baytown, Texas. The buyer, Westcore CG Cedar Port, LLC, represented themselves. Jason Tangen and Barrett Gibson of Colliers represented the seller, NIT Industrial, in the transaction.

 

The subject property, situated at the corner of Oscar Nelson Jr. Drive and FM 1405, was sold vacant as completed shells that include LED lighting and dock packages installed. The brand-new tiltwall buildings feature 32’ clear heights, ESFR System, grade and dock high loading, and 200’ shared truck-courts. The property will benefit from the heavy haul roads throughout Cedar Port with easy access to public barge and rail terminals inside the park. 

 

Ryan Byrd and Walker Barnett of Colliers will handle the leasing for the property.

 

Cedar Port Industrial Park is located in the Houston's East-Southeast Far industrial submarket. The submarket contains 90 million square feet of industrial space which is currently 91.6 percent occupied. The average asking rate in the submarket is $7.66 per square foot.

 Cedar Port Park
     
 Buildings_CedarPortPark    Exterior_CedarPortPark

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Jason Tangen | Colliers | Houston

Jason Tangen

Principal

Houston

+1 713 830 4006
+1 281 798 9480
Email

Jason focuses primarily on industrial real estate investment sales. This includes buyer representation, property disposition, build-to-suit evaluations, development, sale-leasebacks, design-build, and other investment oriented transactions. He has more than 10 years of experience within the investment services sector and represents clients ranging from small private funds and family offices to publically traded REITs and other institutional investors.

Prior to Colliers, Jason worked for a small boutique commercial real estate firm where he was responsible for the upstart of the investment sales division.

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Barrett Gibson | Colliers | Houston

Barrett Gibson

Principal

Houston

+1 713 830 2114
+1 713 962 1976
Email

Mr. Gibson specializes in industrial tenant and buyer representation, property disposition, design/construct, build-to-suit evaluations, development and investment transactions.  He has more than 15 years of commercial real estate experience in the industrial and land sector and represents clients with a local presence as well as clients nationally and internationally.

In 2014, Barrett was a Colliers' Everest Award recipient. This award, created in 2011, is bestowed upon the top 10% of all Colliers professionals in brokerage, valuation and corporate solutions across the U.S. business based on revenue production.

Previously Barrett was a Senior Broker at NAI Houston for more than 10 years. In late 2011, he became Managing Principal at Cresa Houston when his firm, Houston-based Gibson & Granello Realty Partners LLC, merged with the local Cresa office.  

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