Strong industrial market expected in La Porte, Deer ParkStrong industrial market expected in La Porte, Deer Parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=50492014-02-06T07:40:00Z2014-02-05T00:00:00Z

LA PORTE, DEER PARK - Two large industrial properties in east Houston were recently leased, and experts say to expect a strong market over the next year.

Vigavi Realty LLC leased a new 31,480-sf industrial center at 11804 Fairmont Parkway, situated on 3.3 acres in La Porte, to Houston-based Sprint Safety, a manufacturer of safety equipment and services for the petroleum and industrial industries. Sprint Safety is relocating from a smaller facility in Baytown.

The center has access to refineries and plants located in La Porte, Deer Park and Baytown.

In nearby Deer Park, Flexitallic Group Inc., a manufacturer of gaskets and joints, signed a lease for a multibuilding, 400,000-sf manufacturing facility on 27 acres in Deerwood Glen Business Park, located between Beltway 8 and Hwy. 225.

Clay Development and Construction Inc. owns and developed the property. It is their fourth business park in the area, with 26 acres left for development. Clay recently bought another 42 acres at Beltway 8 and Hwy. 225.

Houston’s industrial market grew in 2013 and will continue to do so, according to a report compiled by Commercial Gateway.

Vacancy in the industrial market overall is at 7.1 percent, slightly down from last quarter’s 7.3 percent, but higher than the 6.7 percent recorded a year ago. Manufacturing space has the lowest vacancy of 5.2 percent.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/morning_call/2014/02/port-inspires-industrial-development-in-la-porte.htmlRead more at {Source}

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