Stream Realty JV Opens 1 MSF Industrial Project

Portside Logistics Center broke ground late last year. Image by Stream Realty Partners’ Alexa Bode, courtesy of Stream Realty Partners.

Stream Realty Partners and Principal Asset Management have completed a 1 million-square-foot logistics center in Southeast Houston’s Port industrial submarket. The facility broke ground in the third quarter of 2022.

The Portside Logistics Center is a two-building, Class AA development. The first building is an expandable 760,000 square-foot cross-dock asset, while the second structure is a flexible 260,000-square-foot front-load property.

Building I features 40-foot clear heights, while Building II features 36-foot clear heights. Both assets include secured truck courts, speculative office space and LED lighting. The Portside Logistics Center is designed to achieve LEED certification.

The center is located on a 33-acre site, CommercialEdge data shows. Some 482 parking spaces are available for the first building’s tenants, while the second building’s tenants have access to an additional 107 car parking spots. Spaces are available for multiple configuration floorplans, ranging from 122,971 square feet to 1 million square feet.

Situated at 4838 Borusan Road and 4908 Borusan Road in Baytown, the property is in proximity to corporate neighbors including Ikea, Walmart, Floor & Decor, The Home Depot and Niagara Bottling. The Grand Parkway, Interstate 10, Highway 225 and Highway 146 offer direct access to the Barbour’s Cut and Bayport container terminals, as well as access to the larger Houston and Texas areas. Downtown Houston is approximately 40 minutes west of the property.

Stream Realty’s Tyler Maner, managing director of the Houston industrial division, and Jeremy Lumbreras, senior vice president of the Houston industrial division, are set to act as leasing agents for the Portside Logistics Center. Kyle Fletcher, Stream Realty’s Houston office director, aided in development management. Justin Robinson, Stream’s executive managing director and partner, Tyler Wellborn, senior director, and Craig McKenna, director, led development oversight.

Houston industrial activity

According to a second quarter Houston industrial market report by Colliers, the area has seen a large amount of new supply hit the market recently, leading to a slight increase in vacancy rates. Despite net absorption decreasing on a year-over-year basis, a positive net figure of 3.9 million square feet for the quarter indicates that industrial demand in the area remains strong.

Triten Real Estate Partners has recently completed a 357,570 square-foot two-building industrial property in the Houston metro. Situated 19 miles from downtown Houston, the Class A property is fit to accommodate both large- and small-scale tenants.