Avera Buys Southeast Land Parcel for New Mixed-Use Development
Avera acquired 369 acres in the La Porte area near Houston.
HOUSTON – Avera Companies, a Houston-based commercial real estate development, construction, and investment firm, has purchased 369 acres from PPG Industries in a significant land acquisition on the southeast side of the Houston region.
This property, one of the largest remaining parcels in the Port of Houston area, consists of two tracts. The first tract encompasses 235 acres on the west side of Bay Area Boulevard. The second tract covers 134 acres on the east side of Bay Area Boulevard within the La Porte community.
Avera subsequently sold the 235-acre tract to Beazer Homes, which plans to develop a master-planned residential neighborhood and a substantial multifamily project. Avera will retain the 134-acre parcel for commercial, retail, and light industrial uses.
“The east side of this tract will support a variety of uses, and its strategic location creates opportunities to add value across the street from Beazer Homes. We are excited about this project and look forward to collaborating with the City of La Porte to deliver a meaningful development that will benefit the community,” said John Nicholson, Executive Vice President of Development at Avera Companies.
The site is bounded by Spencer Highway to the north and Fairmont Parkway to the south.
Located in southeast Harris County, the property sits near La Porte Municipal Airport and is within convenient distance of two major shipping facilities: the Port of Houston’s Barbours Cut Terminal and Bayport Terminal.
Avera is primarily recognized for industrial developments, including the 700,000-square-foot Rampart Corporate Center, the 500,000-square-foot Vinmar building in Baytown, and the 600,000-square-foot 225 Railport project. The company also has constructed facilities in the Permian Basin, Eagle Ford Shale, and Bakken Shale regions, and developed a medical professional building in Sugar Land.
