Automaker to drive into Galveston's $10M Pier 10 facilityAutomaker to drive into Galveston's $10M Pier 10 facilityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=22802014-12-06T10:19:00Z2014-12-05T08:05:00Z

GALVESTON - Plans for development of a $10 million-plus vehicle-processing center on nearly 18.9 acres of Port of Galveston property advanced considerably late November with the hiring of an engineering firm for an amount not to exceed $275,000.

Wallenius Wilhelmsen Logistics, which leases the property at the public docks, will split the costs of building the vehicle-processing center with the landlord port, which is kicking in $5.8 million for the project.

Port officials aren’t naming the tenant of the building at Pier 10. Wallenius will sublet the property to an automaker, which is expected to process about 20,000 cars a year from the facility.

The vehicle-processing center would provide 30 to 35 well-paying jobs, Port Director Michael Mierzwa said. And, it would be good for the island port’s image, he said.

Last year, the city’s seven-member Industrial Development Corp. agreed to contribute $1.4 million for the vehicle processing center and paving at Pier 10.

The port owns most of the 18.9 acres needed for project, but will have to negotiate to lease about four from the The Sealy & Smith Foundation.

Read more at the Galveston Daily News.
(Texas real estate news)

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