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Ridge Development selected for Port of Houston industrial parkRidge Development selected for Port of Houston industrial parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=122112016-02-22T06:00:00Z2016-02-22T16:00:00Z

PASADENA​ - Ridge Development has been selected as the master developer for 56 acres of Port of Houston Authority land near the Bayport Container Terminal.

As part of the deal, Ridge plans to construct a build-to-suit facility on 38.4 acres it controls via a ground lease with the Port of Houston Authority.

Ridge has proposed two building options: a 449,280-sf, cross-dock building or a 450,684-sf, rail-served facility. Both scenarios include 199 trailer storage spaces.

In the current design, the rail-served alternative includes the ability to store 280 railcars on-site. The site is at 12619 Port Rd. in Pasadena, which is on the east side of Houston.

Ridge also will oversee development of a 300,000-sf cold storage facility for AGRO Merchants Group on 17.51 acres. AGRO, which specializes in third-party cold storage and warehousing.

The development site is located less than one mile from the Bayport Container Terminal. The Port of Houston has plans to construct a new heavy haul road, called Freight Station Rd., to provide access from the northeast corner of the site from Port Dr.

According to the Greater Houston Partnership, the Port of Houston ranks as the largest port in the U.S. by foreign tonnage for the 19th consecutive year.

In terms of container traffic, the Port of Houston is the nation’s sixth-busiest, handling 67 percent of the container traffic along the Gulf of Mexico.

Houston’s industrial market, with a total of 476 million sf, has remained resilient despite a drop in crude prices. The industrial occupancy rate is Houston has been around 95 percent in recent years.

Realty News Report
Houston-The Woodlands-Sugar Land
Industrial
http://realtynewsreport.com/2016/02/19/ridge-developing-large-industrial-park-at-port-of-houston/

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