HOUSTON— Houston-based Contanda Terminals LLC has entered into a multi-year commercial agreement with the Port of Houston Authority for 339 acres of prime deep-water access property located on the Houston Ship Channel. The land acquisition enables Contanda to continue to develop its key strategic business objective of doubling its terminal storage capability during the next five years and expanding into the bulk petrochemical and hydrocarbon markets.
“With this project, Contanda has the opportunity to make significant strides in achieving our corporate goals while firmly establishing our position as a leading storage provider in the growing petrochemical and hydrocarbon markets,” said G.R. “Jerry” Cardillo, president and CEO of Contanda. “We firmly believe in the Port of Houston, its capabilities and the opportunities it presents to our customers and shareholders. We look forward to further developing one of the largest ports in the world.”
This will further strengthen the company's presence along the US Gulf Coast where project investments have surged since 2014 and Contanda already operates three other bulk terminals.
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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.
