Railway Interchange 2017 Product News
Progressive Railroading

RAIL EMPLOYMENT
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





<< Rail News Home: Intermodal

7/3/2013    



Rail News: Intermodal

CenterPoint Properties acquires Houston buildings near UP terminal



CenterPoint Properties recently closed on an acquisition of six buildings in Houston from TA Associates for $42.6 million.

Situated on 42.8 acres and totaling 1 million square feet, the buildings are located near Union Pacific Railroad intermodal facilities, the Port of Houston, and interstates 10 and 610. Each facility is occupied by Exel Logistics.

"This transaction proves our commitment to a thriving industrial market that serves our mission of investment in port-, rail- and intermodal-related facilities," said CenterPoint Chief Investment Officer James Clewlow in a press release.

The buildings are ideally suited to support the growing plastic resin industry, CenterPoint officials believe.

"This was an opportunity for CenterPoint to acquire intermodal-proximate, rail-served buildings, directly adjacent to substantial rail infrastructure," said CenterPoint Senior Vice President of Investments Chad Vande Zande.



Keywords

Browse articles on CenterPoint Properties Union Pacific intermodal

Contact Progressive Railroading editorial staff.