CRE – Texas Commercial Real Estate News

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Dunavant Distribution Group is expanding into a 784,000-square-foot industrial building in Bay Area Business Park in Pasadena, Texas. The additional space brings Memphis-based Dunavant’s presence to more than one million square feet within Bay Area Business Park. 
“We are strategically positioned near major chemical manufacturers that utilize Houston container ports, which will facilitate Dunavant’s international supply chain and logistics services,” said Dunavant SVP Dean Bay.

The new 784,000-square-foot industrial space is one of three buildings in Phase Three of Bay Area Business Park expansion. The completion of Phase Three makes Bay Area Business Park the largest single-owner industrial business park in the Houston market. 
Colliers International’s John Nicholson represented Dunavant. The landlord, PEPF Red Bluff, was represented by Justin Robinson and Jeff Pate of Stream Realty. The new transaction represents Dunavant’s third expansion at the park since pre-leasing 365,000 square feet in 2016.

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