PASADENA – The 1967 film The Graduate told us there's a great future in plastics. This is especially true for Port 225, where California-based Plastic Express has preleased 394,489 sf.
Port 225 is a project under development near the Port of Houston. The landlord is New York-based Clarion Partners LLC. Phase II should be complete in the second quarter. It is 65 percent preleased.
Once Phase II is completed, Port 225 will have six distribution buildings totaling almost 1.5 million sf.
The fully leased first phase was completed in 2008.
Transwestern represented Clarion Partners in the transaction. Lee & Associates represented Plastic Express. Houston-based Transwestern Development Co. is providing development and construction management services.
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