FedEx continues its expansion in Texas’ two biggest markets.
The company started 2020 by signing one of the biggest industrial deals in Dallas with the lease of a 776,600 square-foot facility and in 2021 leased a 186,600-square-foot warehouse in south Fort Worth.
FedEx is now adding to its Houston presence.
The Memphis-based shipping giant is following up its recent lease of a 534,100-square-foot distribution facility in North Houston with a lease for another, 337,000-square-foot facility 21 miles east of downtown Houston at Baytown’s Port 10 Logistics Center, according to a Houston Business Journal report.
FedEx has tapped Houston’s McNair Interests and Pontikes Development to construct the building inside the 246-acre center, which is expected to be completed in November.
Pontikes, which owns Port 10, has over three million square feet of warehouse and distribution space and just announced a new 400-car rail yard.
FedEx’s push into Texas is in contrast to Amazon’s pullback in the Lone Star State. On the heels of announcing a $3.9 billion second-quarter loss in May, Amazon scrapped plans for a $250 million distribution center in the Austin suburb of Round Rock.
Still, the industrial construction pipelines in Texas remain robust. Dallas and Houston are ranked first and second when it comes to industrial facilities under construction. The cities combine to account for more than 20 percent of the national square footage currently under construction.
The top five markets for industrial construction in the Southwest are all in Texas and are expected to expand the national industrial stock by 100 million square feet.
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