CenterPoint buys 3.6M-SF industrial portfolio in Houston

HOUSTON – Continuing a Houston buying spree, CenterPoint Properties has acquired a 27 building industrial portfolio with 3.6 million sf of warehouse space.

The properties, most of which are rail-served, are located within nine business parks including:

• West Loop Business Park,
• Kempwood Industrial Business Park,
• Northway Park II,
• Turning Basin Subset,
• Market Street Industrial Park,
• Railwood Industrial Park,
• 1200 Lathrop Street,
• Navigation Business Park and
• 610/288 Business Park.

“The acquisition of the 27-building portfolio, establishes CenterPoint as a prominent industrial real estate owner and landlord in the Houston market,” said Chris Tecu, Vice President, Investments of CenterPoint.

In the last 24 months, CenterPoint has acquired 45 Houston industrial buildings totaling 6.2 million sf, including a number of properties near the Port of Houston.