KDC COMPLETES PORT FREEPORT FACILITY FOR VOLKSWAGEN GROUP OF AMERICA
11/12/24 | Press Release
FREEPORT, Texas (Nov. 12, 2024)— KDC, one of the nation’s leading real estate development and investment firms, recently completed the new $114 million Port of Freeport facility in Freeport, Texas, for Volkswagen Group of America (VWGoA).
Situated on 120 acres about 63 miles south of Houston, the new Gulf Coast hub will import and process up to 140,000 Volkswagen, Audi, Bentley, Lamborghini, and Porsche vehicles annually, supporting about a third of VWGoA’s U.S. retail dealers. This new campus encompasses several service buildings totaling more than 200,000 square feet along with asphalt parking for more than 16,000 vehicles, trucks and railcars.
“This was a great opportunity for KDC to leverage our industrial build-to-suit experience for Volkswagen’s new state-of-the-art facility,” said Eric Hage, KDC president. “The logistical and operational benefits of the facility enable Volkswagen to deliver vehicles faster and more efficiently to dealerships across America.”
KDC partnered with PRP Real Estate, VWGoA and Port Freeport on the new facility. The project team broke ground in late 2022, consolidating two smaller Texas facilities in Houston and Midlothian. The new facility creates 110 direct jobs along with numerous indirect jobs in areas such as trucking, rail and vessel operations.
With its larger channels, Port Freeport utilizes low-emission LNG vessels, supporting Volkswagen Group’s goal to improve the environmental footprint of its global logistics.
Stewart Development & Construction served as general contractor, Goree was the architect, and JLL represented Volkswagen.
KDC’s current development projects include the Bank of America Tower at Parkside in Uptown Dallas; the new Wells Fargo office campus in Irving, Texas; a distribution center for Oncor Electric Delivery Company in Midlothian, Texas; and a JPMorgan Chase operations center in Ruston, Louisiana.
About KDC
For 35 years, KDC has been a national leading real estate development and investment firm. In that time, KDC has developed more than 150 corporate build-to-suit office, data center and industrial projects totaling approximately 40 million square feet. KDC's portfolio includes projects for FedEx, JPMorgan Chase, Liberty Mutual, Raytheon, State Farm (Dallas and Atlanta campuses), Toyota North America and Volkswagen. KDC is committed to supporting the nonprofit community through the KDC Cares Program, which includes development services of new facilities and financial support. KDC is headquartered in Dallas and is supported by a national team with offices in Dunwoody, Georgia, and Charlotte, North Carolina.