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7.17.2014 - CenterPoint Properties Announces 3rd Acquisition in Houston

OAK BROOK, IL – CenterPoint Properties proudly announces the acquisition of a 212,961 SF port-proximate facility at 3240 South Loop East in Houston, TX. Situated on 8.9 acres, the property is rail-served with service from Union Pacific, 25-miles from the Port of Houston and features direct access to Highway 610. Bill Rudolf of CBRE represented CenterPoint in the transaction.

The facility is fully leased to Gulf Winds International, a third party logistics commodity shipper of coffee and rice. The logistically advantaged port-proximate facility allows multiple truck trips to serve the shipping needs of the inbound and outbound commodities Gulf Winds handles. The 200' deep facility provides efficient rail-to-truck maneuvering of product throughout the warehouse, with 46 dock positions allowing for a continuous flow of goods via truck. The 1,200' length maximizes dock and rail positions, which maximizes throughput.

"This was an opportunity for CenterPoint to acquire an port-proximate, rail-served building, directly adjacent to substantial rail infrastructure," stated CenterPoint vice president, investments, Chris Tecu. "The acquisition of the 3240 South Loop East facility compliments our national expansion initiative to locate in competitive markets like Houston, accommodating port-related customers with strategically located and highly functional facilities."

This acquisition brings CenterPoint's portfolio in Houston to 2.7M total SF in one year.

About CenterPoint Properties

CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America's principal freight lanes. CenterPoint's portfolio includes 45.5 million square feet and 6,400 acres under development in the company's integrated intermodal industrial parks. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter.

Media Requests
Jacque Engle
Communications Manager
1808 Swift Drive
Oak Brook IL 60523
Phone: 630.586.8024
media@centerpoint.com
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