CenterPoint Properties recently purchased a 601,261-square-foot building on 31 acres at 3507 Pasadena Freeway in Pasadena, TX from Link Logistics Real Estate. The building has six rail spurs, giving it more railcar storage capacity than most rail-served buildings in the market.

The class-A building has a rare combination of rail service by Union Pacific, BNSF and Kansas City Southern via the Port Terminal Railroad Association, abundant rail car capacity, outdoor storage space, and strategic port and highway access. The property is less than 20 miles from downtown Houston, but its location advantage centers on access to the petrochemical industry, regional highways and the Port of Houston’s container terminals.

“The rail service, tremendous storage and adjacent transload road truly make this property one of the most desirable in the market,” said Danielle Radtke, CenterPoint senior vice president, asset management. “When you consider it’s located at the Beltway 8 and Highway 225 intersection, near the center of Houston’s petrochemical complex very close to the Port, 3507 Pasadena Freeway is virtually unmatched in Houston.”

Rusty Tamlyn, Trent Agnew and Charles Strauss of JLL brokered the transaction between CenterPoint and Link Logistics Real Estate.

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