ML Realty Partners and National Property Holdings recently unveiled plans for one of the region’s largest new industrial developments, Port Crossing Commerce Center, a $200 million, 295-acre commercial/industrial business park situated in a prime location within the Port of Houston. This project will create 4 million square feet of state-of-the-art industrial space to serve users of one of the nation’s fastest-growing cargo ports.
The initial development of Port Crossing Commerce Center will include the construction of two speculative buildings, a 203,500 square foot rail served facility and a 427,500 square foot cross-dock. The park will also include a rail yard that will consist of 22 rail tracks. Port Crossing Commerce Center is located in LaPorte, Texas, situated between the two primary container terminals for the Port of Houston, Barbours Cut Terminal and the new Bayport Terminal.
Port Crossing Commerce Center offers users a location that is designed to answer the logistic and warehousing needs of companies doing business in the port area and servicing clients not only in the Houston region but throughout the world. In addition, more than 550,000 square feet of build-to-suit facilities are expected to be announced within the next 60 days. CB Richard Ellis will be handling the leasing agency for Port Crossing Commerce Center.
The Port of Houston has experienced tremendous growth during the past five years. In 2000, the Port handled 1.0 million Twenty-Foot Equivalent Units (TEUs) of volume, and by 2004 that number had grown to 1.4 million TEUs. The construction of the Bayport Terminal will bring the Port’s total capacity to 4 million TEUs.
National Property Holdings is a developer and owner of quality industrial buildings throughout the United States. ML Realty Partners invests in industrial and office real estate through acquisition and development, with a particular focus on Texas and metropolitan Chicago.
