NGKF Negotiates Sale of 41.7-Acre Industrial Land Site in Baytown, Texas

by Amy Works

BAYTOWN, TEXAS — Newmark Grubb Knight Frank (NGKF) has brokered the sale of an industrial land site located at 850 Independence Parkway N. in Baytown. Avera Cos. acquired the 41.7-acre site at the entry of the Houston Ship Channel for an undisclosed price. The U.S. Army Corps of Engineers has permitted the land for four distinct lease areas, including the Barge Terminal and Fleeting Army, dredge material placement area, potential reclaimed land, and future fuel and deep-water terminal distribution facility. The land provides a deep-water terminal space with prominent pipeline corridor access. Doug Nicholson and Rob Stillwell of NGKF represented the undisclosed seller in the deal.

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