Skip Ribbon Commands
Skip to main content

News release

HOUSTON, TX

Vigavi Breaks Ground on New Build-to-Suit Project in Baytown, Texas

Tidal Tank announces new 31,200-square-foot regional center


HOUSTON, March 23, 2016 – Vigavi Realty and JLL today announced the firm has negotiated a 31,200-square-foot industrial lease at a new industrial build-to-suit project in Thompson Ten Business Park, located at 6503 Thompson Road in Baytown, Texas.  Tidal Tank, a Houston-based petro-chem and refining transportation rental provider, will reduce its footprint and consolidate three other area locations into the new regional center.

Yesterday Vigavi Realty broke ground on the 14-acre site.  It’s slated for completion by year end.

JLL’s Senior Vice President Richard Quarles negotiated the terms on behalf of the landlord, Vigavi Realty. Jason G. Whittington, a Partner at NAI Partners, represented the tenant, Tidal Tank, in the transaction.  Architect Terry Kennedy and Vigavi Realty will lead the project construction.

“Our site is a great fit for Tidal Tank’s current strategic objectives and projected business needs,” said Vigavi Realty Managing Principal Luis Villarreal. “Key elements to the success of this project were location, site configuration and a turnkey delivery.”

Tidal Tank’s future location is situated within Houston’s southeast submarket, approximately 18 miles east of Houston’s Central Business District. The southeast submarket encompasses more than 71 million square feet of Houston’s industrial inventory and posted nearly three million square feet of positive net absorption in 2015.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

About Vigavi Realty, LLC
Vigavi is an owner, operator and developer of Industrial Real Estate in North America. Its industry leading properties and developments usually feature crane-served/ready structures, ample clear heights, high dock-doors, extensive yards, and warehouse expansion capability. The company delivers value to our Clients by offering a product that responds to their supply-chain operations at the best market conditions and maintains a flexible approach to support their business requirements. For further information, visit www.vigavi.com.