Mar 31, 2017
Hines buys, rebrands, expands Underwood Distribution Center
LA PORTE – Houston-based Hines has purchased the Underwood Distribution Center from BlackRock.Hines will rebrand the fully leased Class A park as Independence Logistics Park.The park currently has five buildings totaling 2.2...
LA PORTE – Houston-based Hines has purchased the Underwood Distribution Center from BlackRock.
Hines will rebrand the fully leased Class A park as Independence Logistics Park.
The park currently has five buildings totaling 2.2 million sf and three development parcels. Hines will develop Building 6, a 167,000-sf front-load distribution building. It will deliver in fourth quarter this year.
Cushman & Wakefield represented BlackRock. Hines has renewed the leasing assignment for the park with CBRE.
Current tenants include CRC, DNow, GIS, Northern Safety, Packwell, and PolyOne.
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