Independence Logistics Park At 10025 Porter Rd.

[Highrise Tower]

I never knew Hines bought an industrial business park in Southeast Houston. 

Hines Acquires Underwood Distribution Center - Rebrands as Independence Logistics Park

2.2 million-square-foot rail served park in Port of Houston kicks off new development

https://www.hines.com/news/hines-acquires-underwood-distribution-center-rebrands-as-independence-logistics-park

(HOUSTON) – Hines, the international real estate firm, announced today that it has acquired the Underwood Distribution Center, a Class A industrial park located in the heart of the Southeast submarket near the Port of Houston in LaPorte, Texas, from BlackRock. Financials on the deal were not disclosed.

The project consists of a five-building logistics park and 2.2 million square feet, plus three development parcels. Hines’ first addition to the development will be Building 6, capable of a 167,000-square-foot front-load distribution building with delivery slated for the fourth quarter of 2017.

Hines Managing Director Charlie Meyer added, “With Pinto Business Park in the north, Beltway Southwest in the southwest and now Independence Logistics Park in the southeast, we are happy with our continued growth in Houston.”