Source: CPN
Houston-based third-party logistics firm Palmer Logistics has leased almost 500,000 square feet of warehouse space from First Industrial Realty Trust at InterPort Distribution Center in the Houston suburb of Pasadena reports CPN. The InterPort development includes industrial, distribution and warehouse facilities was built in 2007. The Real Estate Center report said Palmer Logistics leased 468,000 square feet of the center’s 598,000 square feet. More than one-half of Palmer Logistics’ business is transported by the ports in Houston.
The Port of Houston handles 69.6 percent of the Gulf Coast containerized cargo market and 95.5 percent of the containers moving through Texas. Much of that activity takes place at Barbours Cut Container Terminal, the largest container terminal on the Gulf Coast. First Industrial Realty Trust has broken ground on a second speculative distribution center near the port with 735,000 square feet of space.
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