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East Houston Growth: Cali manufacturer preleases giant space near Port

 

 

Sundance Cove is in a position to capture demand for communities in northeast Houston as the region continues to grow, both in terms of employment and population/households.

Houston Business Journal recently reported:

A California-based plastics company has preleased close to 400,000 square feet at a project under development near the Port of Houston.

Plastic Express agreed to lease 394,489 square feet in phase II of Port 225 in Pasadena. The landlord is New York-based Clarion Partners LLC. Phase II should be complete in the second quarter and is now 65 percent preleased.

Plastic Express preleased close to 400,000 square feet in phase II at Port 225 in Pasadena from New York-based Clarion Partners LLC. Construction should be finished in the second quarter.

“We view Houston as a long-term growth market," Ray Hufnagel, president of Plastic Express, said in a statement. “With the proximity of the Port, Beltway 8 and rail access, Port 225 provides a strategic location to efficiently serve our clients’ needs."

Once phase II is completed, Port 225 will consist of six distribution buildings totaling almost 1.5 million square feet. Phase I at Port 225 was completed in 2008 and is 100 percent leased.

Transwestern’s Brian Gammill and Darryl Noon represented Clarion Partners in the transaction. Jeff Huberman, Mike Spears and Robert McGee of Lee & Associates represented Plastic Express. Houston-based Transwestern Development Co. is providing development and construction management services.

Last year, North Carolina-based Modern Polymer Inc. also leased 300,000 square feet at Port 225. It was one of the largest industrial leases of 2015.