BAYTOWN, TX—While industrial is better positioned than othercommercial sectors to weather COVID-19 challenges, the tremendouseffects on the energy industry and a lack of overall commerce willreverberate through the market in the coming quarters. On apositive note, e-commerce expansion and hiring during this time mayhelp offset some of the negative impact, says JLL's first quarterindustrial report.
One property that exemplifies e-commerce demand is CedarCrossing Distribution Center, a 100% leased single-tenant129,527-square-foot distribution facility in the Houston-areacommunity of Baytown. High Street Logistics Properties recentlypurchased the asset for an undisclosed acquisition price.
Completed in 2009, Cedar Crossing Distribution Center is fullyleased to Merih Cotton Corporation, a family owned and operatedHouston-area cotton distributor in business for upwards of 35years. The front-load building features a 24-foot clear height, 33dock-high doors, one drive-up ramp and low office finish.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
