Cedar Port Phase I

5151 East Grand Parkway -- Baytown, TX, United States

In Q1-18, Artis acquired Cedar port, two parcels of land totalling 52.5 acres in Houston (Baytown), Texas, for the multi-phase development of approximately 1,000,000 square feet of industrial real estate. Site work is under way for Phase I of this project, which is anticipated to total approximately 519,000 square feet and is 100% leased for a 12.5-year term with annual rent escalations of 2.5%. Artis anticipates the completion of this project in Q2-19.

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Patrick Devine