Industrial Real Estate Firm Acquires 240K SF Near Port of Houston
Posted By Staff Writers On August 6, 2015 @ 2:29 pm
CenterPoint Properties, one of the nation’s top industrial real estate companies, has acquired more than 240,000 SF and 11 acres of industrial property proximate to the Port of Houston, GlobeSt.com reports.
The assets, located across two properties, offer immediate access to port and rail shipping routes, the Houston Ship Channel and two local Union Pacific intermodal yards.
CenterPoint, one of the more active build to suit developers in this market, will use these new acquisitions to address the industrial real estate needs of large and growing companies that depend on a highly reliable, highly cost-efficient supply chain.
Strategic investments like this are critical to meeting CenterPoint’s expansion goals in the competitive Houston market, Chris Tecu, vice president of investments, notes in the piece.
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