CenterPoint Properties Acquires 192,318 SF Industrial Facility In Houston From Constellation Real Estate Partners
11217 Telephone Road
Building Size
192,318 SF
Asset Type
Industrial
Closing
Apr 17, 2026
AI
The industrial asset involved in this transaction is located at 11217 Telephone Road, Houston. It encompasses a total square footage of 192,318. This sale is part of CenterPoint Properties' efforts to expand their holdings in the Houston market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Jim Clewlow - CenterPoint Properties
- Seller: Jeremy Giles - Constellation Real Estate Partners
- Market: Houston
- Asset Size: 192,318 square feet
Jim Clewlow, representing CenterPoint Properties, and Jeremy Giles, representing Constellation Real Estate Partners, facilitated this transaction. The acquisition includes two newly built industrial facilities that enhance CenterPoint’s operational capabilities in the region, bringing their Houston footprint to over 2.5 million square feet across 17 properties.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93