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3° Red Bluff Breaks Ground in Pasadena, Texas

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Colliers is pleased to announce i3 broke ground on 3° Red Bluff, a new cold storage facility located at 1050 Red Bluff Road in Pasadena, Texas. The development is a quarter mile north of the Red Bluff/Highway 225 intersection, just east of 610 Loop.

 

1 Main Image 1050 Red Bluff

 

The 12 acre, Class A cold storage business park will feature two cold/frozen storage buildings totaling 148,900 square feet. 3° Red Bluff has preleased 62% of Building 1 to Houston Meat Distributors, leaving a remaining availability of 42,000 square feet. A second free standing building totaling 52,000 square feet is slated to break ground Q3 2021. With insulated metal panel skin, 36 foot clear heights, and insulated floors throughout to accommodate freezer temperatures, the buildings can be customized to fit a variety of cold storage needs, from bulk distribution to food processing. i3, the developer, will deliver 3° Red Bluff in late Q3 2021.

 

“The project is well positioned from a location and design perspective to meet the demand for freezer/cooler space in the Houston market. The changing landscape in which consumers shop for groceries, food, and beverages, as well as a recent lack of new cold storage supply, have combined to generate significant demand for new and efficient cold storage space designed to meet the challenges grocers, retailers, and suppliers currently face. 3° Red Bluff is perfectly suited to address those challenges and is a strategic addition to the 3° Cold Storage portfolio,” said John Joubert, Executive Vice President of i3.

The leasing team includes Zachary Taylor, John Nicholson and Trey Horne of Colliers. This team has 30 years of combined experience and has closed transactions totaling more than $2 billion during their careers. 

 

"We are incredibly pleased with the amount of interest this project has received from the beginning," said Senior Vice President, Zachary Taylor of Colliers. "Houston has an extremely limited inventory of cold storage product and 3° Red Bluff is uniquely positioned to capitalize on both last mile delivery and cold/frozen product moving through the Port of Houston." 

Floor plan

 
The property is situated in Houston's East-Southeast Far industrial submarket, Houston's second largest submarket containing 81.8 million square feet of industrial space. The submarket is currently 90% occupied and absorbed 1.1 million square feet in the first quarter of 2021.
 
To learn more about 3° Red Bluff, visit here. 

 

i3 is a full-service real estate firm focused on the acquisition and development of investment grade assets with a core focus on multifamily, healthcare, and cold storage & logistics facilities. With current offices in Houston, Miami, Orlando, and Charlotte, i3 maintains a diversified product type and geographic focus with approximately $600 million of current projects in Texas, Louisiana, Alabama, North Carolina, Florida, and Arizona. For more detailed company information, please reference the website at www.i3interests.com

Related Experts
Zack Taylor | Colliers | Houston

Zack Taylor

Principal, Executive Vice President

Houston

+1 713 830 2193
+1 713 492 5495
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Zack Taylor joined Colliers | Houston in March 2021. Zack specializes in the sale and leasing of industrial real estate with a particular focus in southeast Houston and other markets along the Gulf Coast. He has experience working with local, national, and international clients on their various real estate needs including site selection, tenant representation, building acquisitions/dispositions and build-to-suit projects. Zack’s analytical approach to real estate allows him to successfully evaluate and execute a broad range of complex transactions.

Zack has nine years of experience in commercial real estate acting as a trusted advisor. Zack has worked with industrial users, developers, and investors on a variety of transactions totaling more than 3 million square feet of lease/sale transactions and hundreds of acres of land totaling more than $200 million in transaction volume.

Zack is a native Houstonian and enjoys spending time in the outdoors with his wife, Alexandra, and two boys, Owen and Benjamin.

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John Nicholson | Colliers | Houston

John Nicholson

Vice Chair & Director

Houston

+1 713 830 2160
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John specializes in industrial representation for logistics companies, manufacturing and corporate user’s of space.  He works with his clients to execute cost reduction strategies, multi-market transactions, site selection, build to suit projects, disposition of surplus property and overall portfolio management.

John has negotiated more than 800 transactions in his career totaling over One Billion dollars in transaction value. Responsible for assuring the client’s interests are represented, John has saved his clients an estimated 20% - 25% in total occupancy cost, as well as mitigating the client’s risk and exposure throughout each transaction.

Before joining Colliers John was President of Douglas Development Partners.

John also served as the Executive Managing Director of Cushman & Wakefield and Senior Vice President at Transwestern during the course of his career.

Prior to the commencement of his commercial real estate career, John was a second round draft pick in the Major League Draft by the Colorado Rockies.

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Trey Horne | Colliers | Houston

Trey Horne

Associate

Houston

+1 713 830 2178
+1 713 263 4005
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Trey joined Colliers as an Associate in January 2021. Trey works with John Nicholson in the Industrial and Land Services group. He provides assistance with their clients in cost reduction strategies, site selection, market information, multi market transactions, dispositions and overall portfolio real estate management.

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