PASADENA, Texas – (Realty News Report) – Dunavant Distribution Group is expanding its footprint with a new 784,000-square-foot industrial lease, one of the largest warehouse transactions in the Houston region in recent years.
John Nicholson of Colliers International represented Dunavant Distribution Group in the transaction. The landlord, PEPF Red Bluff, was represented by Justin Robinson and Jeff Pate of Stream Realty Partners.
The newly leased facility, located at 10629 Red Bluff Road in Pasadena, increases Dunavant’s presence in the Bay Area Business Park to more than 1 million square feet.
“We are strategically positioned near major chemical manufacturers and Houston’s container ports, which supports Dunavant’s international supply chain and logistics operations. We now proudly operate over 1 million square feet in Port Houston,” said Dean Bay, Senior Vice President of Dunavant Distribution Group.
Dunavant Distribution Group is a logistics and supply chain services provider focused on delivering efficient, technology-enabled solutions for both domestic and global customers. The company emphasizes tailored logistics practices and systems to meet diverse supply chain needs.
The 784,000-square-foot facility is part of Phase Three of the Bay Area Business Park expansion, and is one of three buildings completed in this phase. With the conclusion of Phase Three, Bay Area Business Park becomes the largest single-owner industrial business park in the Houston area.
Bay Area Business Park sits within Houston’s East–Southeast Far industrial submarket, the city’s largest submarket with nearly 79 million square feet of industrial inventory. Its proximity to Port Houston and the Houston Ship Channel makes the location particularly attractive for distribution and logistics operations.
The Bay Area Business Park development is also located near the Bayport Container Terminal, reinforcing its appeal to tenants focused on import-export operations and supply chain connectivity.
Construction activity across Houston’s industrial market remains robust, with approximately 17 million square feet currently under development.
Dec. 7, 2020 Realty News Report Copyright 2020
Photo: Courtesy of Stream Realty Partners
File: Dunavant Leases 784,000 Square Feet