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Texas  + Industrial  |  August 10, 2020
Paul Bubny
By: Paul Bubny

Welcome Group Acquires Site at Cedar Port

Houston-based Welcome Group acquired 23 acres of industrial land located on Cedar Boulevard at Trans-Global Solutions’ Cedar Port Industrial Park for future projects.

Located adjacent to Baytown and reportedly the largest master-planned rail- and barge-served industrial park in the U.S., Cedar Port spans 15,000 acres, much of which remains available for development.

“We are thrilled to add a Cedar Port Industrial Park property to our ever-growing portfolio of commercial and industrial properties in the greater Houston area,” said president and CEO Welcome Wilson, Jr. “We look forward to the future development of this tract.”

Deal terms weren’t disclosed. Welcome Group SVP Ryan Wasaff represented Welcome Group. An NAI Partners team of John Simons, Joel Michael and Holden Rushing represents Cedar Port’s ownership.

Major companies located within Cedar Port include IKEA with a one-million square-foot facility, Home Depot and Walmart, which has its largest import distribution complex at the park.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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