JLL Capital Markets neogitated the sale of Cedar Port IKEA, a 996,482-square-foot industrial distribution center near Houston, Texas.
JLL represented the seller in the transaction, with MDH Partners acquiring the property.
The property consists of two Class-A buildings built in 2017, currently fully leased to IKEA. It features 32-foot clear heights, large 190-foot truck courts, ESFR sprinkler systems, Â abundant trailer parking and future rail capability.
Strategically located at 4762 and 4830 Borusan Rd in Baytown, Texas, the property sits within the sought-after Southeast Houston industrial submarket. Its prime position, just two miles from State Highway 99 and 15 minutes from Barbour’s Cut Container Terminal, offers exceptional regional connectivity and streamlined access to the Port of Houston.
Additionally, the property is part of Cedar Port Industrial Park, the largest master-planned, rail-and-barge-served industrial park in the United States and the fifth largest globally. This 15,000-acre campus features heavy utilities and exceptional infrastructure, hosting industry leaders like Walmart, GE, DHL and The Home Depot.
The JLL Investment Sales and Advisory team was led by Industrial Group Co-Lead and Senior Managing Director Trent Agnew, Senior Director Charlie Strauss and Director Lance Young.
