Owned by Principal Real Estate Investors, Bay Area Business Park located at 9431 Bay Area Blvd. in Houston is one of the largest single-owner business parks in the area. Newly signed tenant, Custom Goods, will occupy the entirety of the building or 353,600 square feet, which is part of the 3.3 million-square-foot 232-acre master-planned development in the Southeast/Port submarket.

“Custom Goods’ selection of our project, due to the proximity to Port Houston and the class-A status of the park, perfectly demonstrates why we have invested so heavily in this location over the last 13 years,” says  Casey Miller, managing director with Principal Real Estate Investors.

Part of Foreign Trade Zone #84, Bay Area Business Park is located near the Bayport and Barbour’s Cut container terminals, which is a desirable spot for importers and exporters of containerized goods. In addition, the site is on the infill side of the market, which creates lower costs and expedited drayage to/from Port Houston container terminals.

Stream Realty Partners’ Justin Robinson and Woody Hillyer represented Principal Real Estate Investors in the transaction, and Barry Hill and Doug Nicholson with Newmark represented Custom Goods.