HOUSTON--CenterPoint Properties has acquired over 240,000 square feet and 11 acres across two properties in Houston. Jack Fraker, Josh McArtor and Heather McClain of CBRE represented CenterPoint in the transaction between CenterPoint and the seller.

Located at 8501 North Loop East and 8786 Wallisville Road, the strategically located facilities are less than 20 miles from the Port of Houston's Barbours Cut and Bayport terminals, allowing for three to four daily trips. Both buildings offer close proximity to local rail and port shipping channels, situated less than one mile from the Union Pacific (UP) Settegast and UP Englewood intermodal yards, and less than four miles from the Houston Ship Channel.

The 8501 North Loop East property is fully leased, and consists of 103,950 square feet of industrial warehouse space with 25 exterior docks, 22-foot clearance storage and seven rail doors. The 8786 Wallisville Road property, which is fully leased, contains 136,928 square feet of industrial warehouse space with 35 exterior docks, 18-foot clearance storage and 16 rail doors.

“We are committed to growing CenterPoint's presence in the Houston market, and acquisitions like these are essential to meeting our goals,” said Chris Tecu, vice president, investments for CenterPoint. “We will continue to capitalize on similar opportunities and invest in transportation-advantaged facilities that local industrial organizations rely on to stay competitive.”