Sunoco Brings 150 Acres to Market

PASADENA, TX-Sunoco Chemicals has shut down its polypropylene manufacturing facility due to obsolescence and is putting it, and the 150 acres on which it operates, on the market. The total acreage makes this one of the largest industrial listings to hit the market in 2009.

Located at 9802 Fairmont Pkwy. in the Bayport Industrial District, the property contains more than 45,000 square feet of buildings. The asset, which is being sold in its entirety, also is rail-served which Colliers International’s principal Gary A Mabray believes is a positive selling point.

“The focus here is going to be on rail users, as there is rail service already in place,” says Mabray, who has the listing assignment with Colliers International colleagues Michael J. Taetz and Brad Beauchamp. The property has more than 7,000 lineal feet of rail, and is served by the Union Pacific Railroad.

Mabray tells GlobeSt.com that the property will be offered through a traditional marketing effort, at least, at first. There is no deadline on a call for offers at this time. “This isn’t a distressed asset,” he remarks, “but the seller would like to have this off the books in 2010.”

He goes on to say that logical users would be those who could take advantage of the rail service, as well as the pipeline connectivity and proximity to other chemical and plastics manufacturers in the area. According to Sunoco Chemical’s website, the company acquired the polypropylene facility in spring 2003 from Equistar Chemicals.