Royal White Cement is Houston-based cement supplier. The company has its corporate offices at 2350 North Belt E. The port property is a freestanding, quasi-metal and concrete block structure built in the early 1960s. Rousser, who represented the tenant, says the structure's past uses have been for dry bulk cargo. The advertised rate for leasing ranges from 23 cents per sf to 24 cents per sf.
Rousser, who formerly worked with the Port Authority, says leasing activity is very active in this submarket. He believes the impending unification of the Houston and Galveston ports will bode extremely well for his business. Rousser also says the opening of the Bayport Container Terminal should have a tremendous impact on commercial real estate.
Mark Nicholas of the Staubach Co. represented the building owner, Houston-based Robinson Brown Investments. Nicholas agrees with Rousser that things are heating up again near the port. He says he regularly gets calls from companies that want easy access to the port.
Nicholas says he has seen no immediate impact from the proposed merger of the two ports. But he, like Rousser, believes it will positively impact the industrial market in the area. Nicholas says he has been "as busy as ever" with the steady Houston economy continuing to bless the commercial real estate industry.
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