HOUSTON – (Realty News Report) – Acuren Inspections has leased an industrial property near the Port of Houston, according to the property’s owner, Triten Real Estate Partners of Houston.
This transaction is part of Triten’s specialized real estate investment strategy focused on industrial service facilities.
Industrial service facilities, often called “stabilized yards,” may not attract the same attention as other commercial real estate sectors, but Triten believes these assets offer strong investment potential.
These facilities typically provide outdoor storage and parking for 18-wheeler trucks and trailers near warehouses and industrial districts. Stabilized yards are frequently surfaced with crushed concrete and are used for storing shipping containers, pipe, heavy equipment, and materials that can withstand exposure to the elements.
“The secular growth of e-commerce demand from consumers has driven rapid expansion of distribution centers and warehouses, creating supply chain pressures as companies adapt to increased throughput,” says Scott Arnoldy, founder of Triten Real Estate Partners. “We view ISF assets as mission-critical to the speed and efficiency of the global supply chain, and the pandemic has only underscored the vital role these assets play.”
Triten recently closed a $150 million fund with a single institutional investor to continue acquiring industrial service facilities (ISFs) across the United States. ISFs provide essential support for the industrial supply chain through strategic locations and significant outdoor storage capacity. Tenants commonly use these sites to stage trucks, trailers, equipment, building materials, and intermodal containers near population centers and critical logistics infrastructure such as ports, major highway interchanges, airports, and rail intermodal yards.
Acuren Inspection’s Lease
The Triten-owned industrial service facility at 10845 Strang Road in the La Porte Industrial District of Houston was recently leased to Acuren Inspections, a leading provider of nondestructive testing, inspection, engineering, and rope access services.
“With immediate access to Highways 225 and 146 serving the Port of Houston submarket, Acuren was able to fully utilize the expansive stabilized storage yard and benefit from the building’s generous clear height and first-class amenities that corporate users in this market seek,” says Will Hedges of Triten Real Estate Partners.
David Munson and Conrad Bernard of Boyd Commercial/CORFAC International represented Triten Real Estate Partners in the lease transaction.
In addition to expanding its ISF portfolio, Triten actively acquires and spec-develops industrial distribution warehouse assets and currently manages a warehouse portfolio exceeding 2.5 million square feet.
May 20, 2021 Realty News Report. Copyright 2021.
For additional perspectives on Texas real estate, see the book Houston 2020: America’s Boom Town – An Extreme Close Up by Ralph Bivins.
File: Triten’s Stabilized Yard Strategy and a New Lease
Image: Courtesy Triten Real Estate Partners