JLL announced today that Panattoni Development Company and its equity partner, MetLife Investment Management, have begun construction on a new 642,994 square foot Class A industrial warehouse at 10575 Red Bluff Road in Pasadena, Texas. Construction on the building, named Bayport South, is expected to be complete in the first quarter of 2020.

The cross-dock facility will be foreign-trade-zone-capable and is well-positioned in southeast Houston with proximity to both Bayport Container Terminal approximately three miles away and Barbours Cut Container Terminal approximately nine miles away.

“Bayport South represents an outstanding opportunity to continue our objective to develop strategically located projects in Houston’s key industrial submarkets,” said Todd King, partner at Panattoni Development. “The nearby Port of Houston container facilities, the Ship Channel, and the petrochemical complex are all critical national infrastructure components that make this area a great long-term investment.”

Bayport South will feature 36’ clear height, 56’ X 50’ column spacing (60’ loading bay), 150 trailer storage parking spaces, and 180 truck courts. The facility will also offer four (4) overhead doors with ramps and more than 330 car parking spaces.

JLL’s Richard Quarles, Jarret Venghaus and Mark Nicholas will lease the facility on behalf of the partnership.

Houston’s Southeast Industrial Submarket, where Bayport South is located, continues to be in high demand, driven by strong net absorption and construction activity and low vacancy. According to JLL Q2 2019 research, the submarket’s vacancy is well below market averages and achieved net absorption of 1.4 million square feet, by far the highest of any submarket.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com