Astrodome area: Cabot Properties Acquires Warehouses

In Houston, Cabot Properties, a Boston-based warehouse investor, purchased Corporate Center Fannin, a 370,000-SF industrial portfolio in central Houston.

JLL Capital Markets represented the seller, Taurus Investment Holdings, which is also based in Boston.

In Corporate Center Fannin is just south of Loop 610 and the world, famous Astrodome, which is known as the Eighth Wonder of the World.

Located at 10001 Fannin Street and 11030 Almeda Road, Corporate Center Fannin has two industrial buildings, including a 218,966-SF cross-dock facility built in 2002 and a 151,298-SF front-load building completed in 2022. Both buildings offer clear heights of 30 to 32 feet.

Corporate Center Fannin is located 3.7 miles south of the Texas Medical Center, the world’s largest medical center with 21 hospitals, 9,200 patient bed, several medical schools and 120,000 employees. Every 20 minutes a baby is born.

Located west of Highway 288, Corporate Center Fannin is fully leased and houses five tenants across diverse industry sectors, including food storage and logistics, event and exhibition services, medical waste management, information management and storage services and third-party logistics.

The JLL Capital Markets team representing the seller included Senior Managing Director Trent Agnew, Managing Director Charles Strauss, Director Lance Young, Senior Analyst Brooke Petzold and Analyst Dawson Hastings.

“The sale of Corporate Center Fannin highlights investor confidence in Houston’s industrial fundamentals and the value proposition of infill locations with superior highway access,” said Agnew. “With small to mid-size industrial inventory continuing to outperform the broader market and Houston maintaining below-average vacancy rates compared to other major U.S. markets, properties like Corporate Center Fannin that offer both immediate income and future upside potential remain highly sought after by investors.”

Cabot Properties, founded in 1986, invested over $17 billion in logistics real estate, served over 4,300 tenants, and operated over 1,750 buildings totaling more than 240 million SF. Cabot is headquartered in Boston with offices in Atlanta, Chicago, Dallas, Los Angeles, London, Amsterdam, Sydney, Tokyo, Munich, Houston, New York, Orlando, and New Jersey.