The buyer, North Texas Cement/Ashgrove Cement, will use the site to expand its ship channel operation, now housed on 20 acres directly across the slip where it offloads imported cement. The 922 Mayo Shell Rd. purchase is rail-served acreage, about a mile from the Loop 610 East Bridge. The facility consists of a ship slip for docking a 750-ft boat and a dock large enough to hold two 350-ft barges. Valero, a Fortune 500 independent refining and marketing company, used the site for offloading crude oil.
C.A. Rousser with the Rousser Co. in Houston says his client "bought this as an expansion project and plans to make modifications to the existing deepwater dock."
Doyle Toups and Doug Nicholson in the local office of Grubb & Ellis Co. represented the San Antonio-headquartered seller, which received a couple offers in the one-year marketing period. Toups tells GlobeSt.com that Valero sold the 72-acre property so it can develop a larger facility on land it owns across the ship channel.
The Port of Houston is a 25-mile stretch of public and private facilities that lead the nation in foreign waterborne commerce and are ranked second for total tonnage. Port officials estimates ship channel-related businesses have an $11 billion economic impact on Texas and support more than 287,000 direct and indirect jobs.
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