News Summary
CapRock Partners has officially entered the Houston industrial real estate market by acquiring the Kennedy Greens Distribution Center, a strategically located facility spanning 524,199 square feet. Fully leased to major tenants like Walmart and Cheniere Energy, this acquisition highlights a rising interest in Houston’s robust logistics sector. The facility features advanced operational capabilities, positioning CapRock for future growth in response to increasing demand for distribution centers amid e-commerce expansion.
Houston: CapRock Partners Enters Market with Distribution Center Acquisition
CapRock Partners, a Newport Beach-based real estate investment firm, has made a significant move by acquiring the Kennedy Greens Distribution Center in Houston. This acquisition marks CapRock’s inaugural entry into the Houston industrial real estate market, a notable expansion for the firm.
Facility Details
The Kennedy Greens Distribution Center is an expansive facility that spans 524,199 square feet and is fully leased to several prominent tenants, including Walmart, Cheniere Energy, and MEI Rigging & Crafting. This strategic location at 13300 John F. Kennedy Blvd., Houston, provides a well-positioned hub for distribution and logistics operations.
Originally constructed in 2000, the distribution center is situated on a 29-acre lot. It boasts several impressive features tailored for operational efficiency, including:
- 36-foot clear heights allowing for ample vertical storage
- 103 dock-high doors facilitating smooth loading and unloading processes
- Four grade-level doors for additional accessibility
- 128 trailer stalls for parking large vehicles
- 276 car parking spaces catering to staff and visitors
Details of the Acquisition
The terms of the acquisition deal, including the purchase price, have not been disclosed. The facility was previously owned by the Illinois-based Janko Group, which maintained the property as a vital logistics center in the region.
Market Context
This acquisition demonstrates a growing interest from investment firms in the Houston industrial real estate sector, which has seen consistent demand due to the city’s robust economic ecosystem. Houston’s strategic location and significant transportation infrastructure make it a prime area for logistics and distribution operations, positioning CapRock Partners strategically within this thriving market.
As e-commerce continues to shift the landscape of retail, the demand for accessible distribution centers is expected to grow. Companies are increasingly looking for well-maintained and strategically located facilities to support their supply chain needs, making this acquisition timely for CapRock Partners.
Future Implications
CapRock Partners’ entry into the Houston market may signal further investment in industrial properties throughout the area, as they look to capitalize on the accessibility and economic growth potential. Given the impressive features of the Kennedy Greens Distribution Center and its status as a leased facility to national tenants, it serves as a strong starting point for CapRock in this competitive market.
Industry analysts will be watching to see how CapRock Partners expands its portfolio in Houston and what other strategic acquisitions might follow as the demand for industrial real estate continues to rise across the United States.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Orange County Business Journal: Newport Beach Firm Buys Large Houston Industrial Building
- Commercial Search: CapRock Plans Dallas-Fort Worth Industrial Park
- REBusiness Online: CapRock Completes 1.1 MSF of Industrial Development in Norco, California
- Google Search: Houston industrial real estate
- Wikipedia: Industrial real estate
