CenterSquare Acquires Industrial Portfolio in Houston
CenterSquare has acquired a 244,946-square-foot service industrial portfolio in Houston, known as Houston Woodlands.
The portfolio consists of four buildings in the Woodlands and Spring submarkets, with 88% occupancy and 55 suites averaging 4,454 square feet per suite.
- Oversized grade-level doors
- 17’-18’ clear heights
CenterSquare has an existing 9-property service industrial portfolio in the Houston MSA, demonstrating its knowledge and access to data in the Houston market.
The business plan includes a capital improvement plan with minor roof repairs, concrete repairs, and adding HVAC where needed, to drive meaningful growth in net operating income.
Author's summary: CenterSquare acquires Houston industrial portfolio.
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