EverWest Enters Houston Mid-Size Industrial Market with $8.75 Milllion Port Acquisition

Mark Bigarel

 HOUSTON, TX – Denver-based EverWest Real Estate Investors has entered the Houston mid-size industrial market with the $8.75 million purchase of 1301 S. 16^th St., La Porte, Texas – a 109,00-square-foot, Class A warehouse facility in the Port of Houston.

The building is located less than 4 miles from Barbours Cut Terminal and 4.5 miles from the Bayport Container Terminal. It is the last warehouse project built in the area, following an industrial development moratorium by the city of La Porte.

Mark Bigarel, EverWest’s Senior Vice President, Head of Acquisitions, managed the acquisition for EverWest. The property developer and seller, Phelan-Bennett Development, was represented by its Southwest Regional Partner, Justin Bennett.

The 1301 building features 28’ clear height, a 60’ speed bay, 130’ truck court and nine dock doors, with expandable knock-out doors. It is divisible to 40,000 square feet.

 Justin Bennett

“This acquisition reflects EverWest’s ongoing ability to source and complete off-market investments in high-demand locations,” said Bigarel. “It is well positioned to fill port-driven demand from small and mid-size users.”

The deal continues EverWest’s active investment in U.S. industrial assets. In 2020 that strategy included acquisitions in the Seattle, Nashville, Denver, Miami and Southern California metro markets.

The 1301 building is available for immediate occupancy. For leasing information, contact Judd Harrison of Colliers International at (832) 266-5114.

 

 For more information on EverWest, please visit www.everwest.com. 

For more information on GWL Realty Advisors, please visit www.gwlra.com.

 

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