BoyarMiller Real Estate Team Secures History-Making Deal for One of Houston’s Largest Land Sales
Fifth largest industrial park in the world sold
HOUSTON, Dec. 3, 2014 – BoyarMiller client TGS Cedar Port Partners LP acquired the assets of Cedar Crossing Industrial Park in Baytown, Texas, on December 1, 2014 in one of Houston’s all-time largest land sales. The BoyarMiller real estate team, led by Shareholders Bill Boyar and Cassie Stinson, advised TGS Cedar Port Partners on the transaction. The firm has been ranked in the “2015 Best Law Firms” List for its Houston real estate practice by U.S. News & World Report – Best Lawyers®.
Cedar Crossing is 11,000-acres, the fifth largest industrial park in the world, and equal to three-fourths that of New York’s Manhattan Island. The acquisition includes a 312,000 square foot warehouse and an industrial complex including a shortline railroad with 57 miles of track.
TGS Cedar Port is the largest industrial park in the greater Houston market as well as the entire Gulf Coast. The TGS Cedar Port Railroad has the capacity to store in excess of 2,000 rail cars, and the partnership intends to expand this capacity to 3,000 railcars by 2018 to accommodate increasing petrochemical and refining demand.
About Trans-Global Solutions (TGS)
TGS is a port/industrial developer and transportation services provider. The company owns and/or operates ports and terminals in refineries, chemical plants, industrial parks, and crude by rail facilities in North America. TGS Development and Valero Terminal & Distribution Co. are currently completing construction of a Suez Max deep water crude receiving terminal, P.I. Dock Facilities, LLC. The jointly owned crude terminal is located in Port Arthur, TX.
BoyarMiller, a Houston-based law firm, is comprised of two practice groups: business and litigation. The business group serves multinational companies, middle-market businesses and entrepreneurs in need of collaborative and strategic representation. The litigation group represents organizations of all sizes, from entrepreneurs to Fortune 500 companies, seeking to resolve complex business issues and employment disputes. See www.boyarmiller.com for more information.