(Read more on the industrial market.)
SEABROOK, TX-A Philadelphia-based company has acquired 35 acresnear the Port of Houston. The buyer's intention is to build a300,000-sf to 400,000-sf robotic warehouse facility at an all-inestimated cost of $60 million.
David Lee, senior vice president for Houston-based Transwestern,says customized logistics company XTL Inc. bought the land from aHouston partnership because of its location near Texas 146 and RedBluff Road. Lee, who represented the seller, pointed out that thetract was one of only a few available for private developmentwithin the 1,000-acre Bayport complex.
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