ACQUIRED: ± 104.28 Acres – Port 99
(BAYTOWN, TEXAS — JUNE 2023) Junction Commercial Real Estate, a full-service commercial real estate firm specializing in brokerage, development, and investment management, is pleased to announce the
acquisition of a ± 104.28-acre land site, in Baytown, Texas. The property was acquired as part of a partnership with Provident Realty Advisors, for the immediate development of a two building, ± 1.3 million-square-foot industrial distribution park, Port 99.
“Junction is fortunate enough to have the ability to bring value, through the partnership, in the acquisition of this ± 104.28-acre land site. Our team is looking forward to seeing Provident’s finished product over the coming months.” said Reed Vestal, SIOR, CCIM, Managing Partner at Junction Commercial Real Estate.
Projected to deliver Q2 2024, the park will feature a ± 1,033,086-square-foot, Class-A, cross-dock distribution building and a ± 255,960-square-foot, Class-A, front-load distribution building. Combined, the park will have 271 dock-high doors, 977 trailer parks, and ample car parking. Prospective tenants and buyers may contact Justin Tunnell, SIOR of Lee & Associates – Houston for lease and purchase opportunities.
ABOUT JUNCTION COMMERCIAL REAL ESTATE
Junction Commercial Real Estate is a full-service commercial real estate firm that specializes in brokerage,
development and investment management. With relentless determination and an unwavering commitment to clients, investors, and partners, the Junction team combines over thirty years of producing exceptional results. Collectively, our real estate professionals have brokered, acquired, managed, and disposed of billions of dollars of commercial assets domestically and internationally. Junction is headquartered at One Riverway in Houston, Texas. For additional information, please visit JunctionUSA.com.
ABOUT PROVIDENT REALTY ADVISORS, Inc.
Provident Realty Advisors, Inc. is a privately held real estate and investment firm that has thrived through three decades and multiple market cycles with foresight, depth of experience, and a unique ability to adapt to shifting demands, market trends and challenging economic cycles. Provident seeks to provide exceptional risk-adjusted returns to its investor partners through superior development of opportunistic and value-added strategies. Since its formation in 1991, Provident has developed or invested in more than $5 billion worth of real estate projects across the country. For more information, please visit www.providentrealty.net.