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.
“Liquid bulk storage facilities are in high demand along the Houston Ship Channel and this agreement enables Port Houston to support this vital industry sector,” said Port chairman Janiece Longoria. “This positive development fits in well within our strategic growth plan objective to grow and diversify our business base. In addition, this partnership with Contanda helps us optimize and leverage our real estate assets, while helping the company meet its own strategic objectives.”
Contanda's automated terminal facility will be built in phases to provide customers access to onsite processing, multiple ship and barge docks, and convenient tank truck and rail-car accessibility. The facility is centrally located for numerous pipeline connections providing support storage services for a variety of commodities including petrochemical, clean petroleum products, various blend stocks, ethanol, crude oil, and refinery intermediates and other bulk commodities. In addition, it will include a design to withstand future hurricanes and related strong winds to the highest degree possible.
“We are commencing the design basis for our facility and we will incorporate all appropriate safety measures into that design,” Cardillo tells GlobeSt.com. “Design basis criteria will include features that will be strongly considered to minimize risk for all weather-related events.”
Contanda is a provider of bulk liquid storage and logistics services in North America. It currently operates 13 other bulk terminals there.
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.
“Liquid bulk storage facilities are in high demand along the Houston Ship Channel and this agreement enables Port Houston to support this vital industry sector,” said Port chairman Janiece Longoria. “This positive development fits in well within our strategic growth plan objective to grow and diversify our business base. In addition, this partnership with Contanda helps us optimize and leverage our real estate assets, while helping the company meet its own strategic objectives.”
Contanda's automated terminal facility will be built in phases to provide customers access to onsite processing, multiple ship and barge docks, and convenient tank truck and rail-car accessibility. The facility is centrally located for numerous pipeline connections providing support storage services for a variety of commodities including petrochemical, clean petroleum products, various blend stocks, ethanol, crude oil, and refinery intermediates and other bulk commodities. In addition, it will include a design to withstand future hurricanes and related strong winds to the highest degree possible.
“We are commencing the design basis for our facility and we will incorporate all appropriate safety measures into that design,” Cardillo tells GlobeSt.com. “Design basis criteria will include features that will be strongly considered to minimize risk for all weather-related events.”
Contanda is a provider of bulk liquid storage and logistics services in North America. It currently operates 13 other bulk terminals there.
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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.
