Baytown: $22M upgrades for 11,000-acre Cedar Port IndustrialBaytown: $22M upgrades for 11,000-acre Cedar Port Industrialhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=17012015-02-18T12:40:00Z2015-02-18T09:00:00Z

BAYTOWN - The fifth-largest industrial park in the world, Cedar Port Industrial Park, will soon undergo serious infrastructure improvements under new ownership, allowing nearly 11,000 acres of development along the Houston Ship Channel.

The industrial park was purchased by Beaumont-based Trans-Global Solutions Inc. (TGS) in December. See previous story 11,000-Acre sale! One of Houston area's biggest land deals for more details.

The park is located across the Houston Ship Channel from the Barbours Cut and Bayport container terminals with SH 99 running through it.

There is direct access to both the Union Pacific Railroad and BNSF Railway as well as to a Chambers County Improvement District barge dock on Cedar Bayou.

Walmart Stores Inc. has its largest import distribution center complex, which is the size of 70 football fields, located within the park, and Home Depot Inc. has a 755,000-sf distribution center there.

Much of the park remains undeveloped, but not for long. "There's $22 million in work we'll do that'll be completed this year," said William F. Scott, TGS's CEO. Those improvements include adding two 9,000-foot interchange railroad tracks on the north end of the property.

The tracks, which are slated to be complete in the fourth quarter of this year, will open up more than 4,000 acres around the park for development, the company said.

Railcar storage capacity will also be added and weight capacity of existing rail lines will be increased. The project also includes drainage and road improvements.

"Previously, you had all this land and rail, but capacity wasn't there to build out," said Scott, who added that the prime location is ripe for development. "All of it is tied to logistics. Our job is to put the infrastructure in place so that real estate is advantaged."

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/blog/2015/02/exclusive-details-on-major-upgrades-planned-for.htmlRead more at {Source}

 Search NewsTalk Texas