The proximity to the battleground historic site will ensure the land is never developed.
HOUSTON—According to a representative from the US Army Corp of Engineers, barge fleeting space is at a premium and potential sites are extremely limited in the ship channel. HMS 850 is a 41.7 acre site at the entrance of the Houston Ship Channel located in southeast Houston, near both Barbours Cut and Bayport container terminals. It has direct access to IH-10 and Independence Parkway, directly across from the San Jacinto Battleground State Historic Site.
A commercial real estate development, construction and investment firm, AVERA Companies, has acquired HMS 850 with existing permits in place for four distinct lease areas. Those areas are barge terminal and fleeting area, dredge material placement area, potential reclaimed land, and a future fuel and deep water terminal distribution facility.
“The proximity of HMS 850 to the 1,200-acre San Jacinto Battleground State Historic Site is of major importance, as it will ensure that the neighboring land is never developed, entirely eliminating the possibility of future congestion in the immediate area,” Trey Odom, president and CEO at Avera, tells GlobeSt.com.
Kirby Inland Marine will be the first tenant to occupy a portion of the property. Kirby will utilize an area of approximately 700 by 2,000 feet, which will provide the necessary area for mooring 76 barges.
“The acquisition of HMS 850 provides us with the exceptionally rare opportunity to help accommodate the rapidly increasing need for barge fleeting and deep water terminal space, in what is arguably the most desirable location in the ship channel,” said Odom. “The existing permits at HMS 850 enable an otherwise ordinary site to function as a critical component of industrial activity at the Houston Ship Channel, affording advantages that are simply unavailable in the current market.”
The seller was represented by Rob Stillwell and Doug Nicholson, both senior managing directors at Newmark Grubb Knight Frank. The HMS 850 project is accretive to other Avera developments near the Port of Houston, totaling more than 1.2 million square feet.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
