BAYTOWN, Texas — Avera is developing a 500,000-square-foot industrial building in Baytown for Vinmar International, a global petrochemical marketer and distributor.
The facility will sit on a 40-acre parcel on Sutton Road near FM 1405 within the Cedar Port Industrial Park. Designed as a rail-served site, the project will feature approximately 10,000 linear feet of rail distributed across four separate rail spurs to support heavy logistics and bulk materials handling.
Kelley Parker and Kevin Snodgrass of Cushman & Wakefield represented Vinmar in the transaction. Vinmar is among the world’s largest chemical distributors, and the company’s decision to locate this facility in Baytown highlights the continued expansion of the petrochemical sector in Baytown and other industrial submarkets east of Houston.
“Vinmar is pleased to be working with Avera to develop this project as part of our global growth strategy. It demonstrates our long-term commitment to our industry and will create good jobs for our community,” said Hemant Goradia, Vinmar’s CEO.
Houston-based Avera was founded in 2002 by H.T. “Trey” Odom, who serves as the company’s president and CEO. Avera specializes in developing industrial real estate, including build-to-suit warehouses and rail-served distribution centers.
“We are pleased to develop another state-of-the-art, rail-served, build-to-suit facility in what continues to be one of the most desirable submarkets in the region,” Odom said. “Persistent demand underscores the depth of the petrochemical industry and the strength of the Houston market.”
May 16, 2017 Realty News Report Copyright 2017