CBRE closed a 122,963-square-foot lease at Portside Logistics Center in Baytown, Texas, to Borusan Pipe, a steel pipe manufacturer.
CBRE’s Grant Hortenstine, SIOR, and Susan Haysom, CCIM, represented the tenant, Borusan Pipe. Stream’s Tyler Maner and Jeremy Lumbreras represented the landlord, a joint venture between Stream Realty Partners and Principal Asset Management SM, in the transaction.
The lease is for a new distribution center and will be an expansion of the company’s current Texas headquarters. Borusan owns a production facility located across the street at 4949 Borusan Road. The company operates three manufacturing locations across the United States. The Baytown plant produces tubular goods and steel pipes used in oil, natural gas exploration, and extraction wells and pipelines.
Portside Logistics Center – Building 2, located at 4908 Borusan Road, is a new construction industrial space totaling 258,248 sq. ft. The site offers immediate access to the Grand Parkway, Interstate10 and Highway 225. Additionally, this property offers access to Houston’s two container terminals.
