October 26, 2016
Ravago Americas, a subsidiary of Belgium-based Ravago, acquired 200 acres in southeast Houston’s Cedar Port Distribution Park from TGS Cedar Port Partners. With land in hand, the plastics resins company will build a 1.5-million-square-foot manufacturing and distribution plant, which will be equipped to process more than 2 billion pounds of plastic resin annually.
NAI Partners’ John Ferruzzo, John Simons and Joel Michael represented TGS Cedar Port Partners in the land transaction. Gray Gilbert with CBRE represented Ravago. The 15,000-square-foot Cedar Point Distribution Park is just east of Baytown, TX, and is the nation’s largest master-planned rail- and barge-served industrial park.
The campus will be built in the park’s second phase, which consists of 750 acres. Approximately 400 acres remains. Phase I is 100% contracted for development.
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