Transactions - AUGUST 29, 2022

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Centris Industrial breaks ground on Generation Park industrial site

by Released

Centris Industrial has broken ground on its Generation Park development in Houston.

The development will consist of two buildings, one 255,871 square feet and the other 1.03 million square feet, which are anticipated to be completed in the second and third quarters of 2023, respectively.

“The groundbreaking of the Generation Park development is a milestone for Centris, having been one of our first transactions completed alongside the formation of the REIT,” said Michael Podboy, CEO of Centris.

Joe Trinkle, chief operating officer and Southwest market officer for Centris, added, “Houston has seen significant demand for industrial real estate in the last several years that continues to outpace supply. We anticipate the Houston Ship Channel expansion project to drive continued demand for Houston-based industrial and logistics real estate, and more specifically our Generation Park development, as it provides prime access to one of the nation’s busiest ports

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