CenterPoint Properties has continued its buying spree in Houston with two more industrial properties near rail and shipping lines, noted a new article in the Houston Chronicle. The properties, totaling more than 240,000 SF, are less than one mile from Union Pacific’s Settegast and Englewood intermodal yards, and less than four miles from the Houston Ship Channel.
Earlier this year, CenterPoint more than doubled its local Houston portfolio with the acquisition of 27 buildings within nine business parks spanning nearly 3.6 million square feet from Exeter Property Group.
In the article, Chris Tecu, Vice President, Investments of CenterPoint, noted that, “We are committed to growing CenterPoint’s presence in the Houston market, and acquisitions like these are essential to meeting our goals.”
Click here to read the full article.
More Industrial Real Estate News from CenterPoint