CenterPoint Properties Buys 27 Houston Buildings, Market briefs

In Houston, Continuing a Houston buying spree, CenterPoint Properties has purchased a 27-building industrial portfolio with 3.6 million sq ft of Houston 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.

Jud Clements, Rusty Tamlyn, Trent Agnew and Robby Rieke of HFF facilitated the transaction.

“The purchase 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, based in Oak Brook, Ill.

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