CenterPoint Properties closes on new, two-building industrial acquisition in Houston’s South Belt

Chicago-based CenterPoint Properties has acquired two newly built distribution facilities in the tight South Belt industrial market at 11217 Telephone Rd. in Houston, Texas. The fully leased warehouses, totaling 192,318 square feet, were built in 2024.

Rives Nolen, CenterPoint’s Central Region senior vice president of investments, lauded the trade as a truly unique opportunity to acquire assets that combine very efficient metro and port access for distributors with desirable features such as Beltway frontage, a 1.34-acre outdoor storage yard
,
and shallow-bay configurations.

“CenterPoint is zeroing in on Class A investment opportunities coast-to-coast, especially when they offer our customers very hard-to-find and hard-to-replicate competitive advantages,” said Nolen. “The phenomenal location and features of these assets position our customers for long-term success and align with our Houston portfolio strategy,” he finished.

The Telephone Rd. portfolio is about a half-hour drive from the Port of Houston’s Bayport and Barbours Cut terminals, Downtown Houston, and the Texas Medical Center. In addition to the IOS component, the shallow bay facilities include parking for 318 cars to support the shift work of five tenants in total. Other features include 28-foot clear heights, 4000-amp power, 52 dock-high and four drive-in doors, and 130-foot truck aprons.

According to JLL, robust industrial development across Houston and positive net absorption in 2025 have helped the market maintain its ranking as one of the country’s strongest industrial markets. South Belt is among the most active Houston submarkets, with vacancy well below Houston as a whole, thanks in part to its strategic port-centric location, access to major transportation corridors, and high user demand.

JLL Capital Markets brokered the transaction.

CenterPoint’s Houston portfolio has grown to 17 assets, totaling more than 2.5 million square feet.