Cedar Port Industrial Park, located in Baytown (Texas) is a huge park that offers direct access to the BNSF Railway, Union Pacific Railroad and to a Chambers County Improvement District barge dock situated on Cedar Bayou.
Known as the Gulf Coast’s largest industrial park, Cedar Port has recently sold an existing warehouse spread across 312,000 square foot and 50 acres of land to Venezuela-based PBP Inc.
This South American plastics packaging company provides turnkey packaging, resin bagging and storage services to the petrochemical industry resins market.
The purchased property is situated on the Grand Parkway’s north side. PBP Inc. plans to add more warehouse space to its 50 acres which will help it expand its operations. Spread across a whopping 10,987 acres, Cedar Port is the 5th largest industrial park in the world.
Interestingly, it is three-fourths the size of Manhattan.
Joel Michael – one of the main partners of NAI that brokered the deal, said that with a huge and regular inflow of plastics into the park via rail, the plastics packaging company will find it easier to implement its expansion plans.
Plastics Packaging Company Joins the Big League in the Industrial Park
PBP Inc. is Cedar Port’s first major tenant after Trans-Global-Solutions (TGS), a Beaumont-based rail company. According to Michael, this deal will be beneficial for Cedar Port as there will be a lot increase in rail traffic in the park.
By being Cedar Port’s tenant, the South American plastics packaging company joins the league of major national and international companies with significant operations in the park.
This includes Walmart Stores Inc. based in Arkansas, Atlanta-based Home Depot Inc. which has a 755,000-square-foot distribution center over there, Houston-based National Oilwell Varco, Turkey- and Istanbul-based Borusan Mannesmann’s steel pipe manufacturing facility and India-based JSW Steel’s pipe and plate manufacturing facilities.
Last February, TGS announced that it will invest $22 million for improvement of infrastructure. This would include expansion of rail lines and operations capability to facilitate development of the park’s 11,000 acres.
According to William Scott, CEO of TGS, Cedar Port has tremendous growth potential and TGS aims to use it to serve the greater Houston area.
To read more about the companies operating in Cedar Port, you can check site.