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Hines Acquires 2.2 Million-SF Underwood Distribution Center in La Porte

Sale Includes Three Development Parcels, Hines to Deliver First Project Later This Year
By James Saris
April 4, 2017 | 2:00 P.M.

Houston-based Hines (NYSE: HIRT) made a substantial investment in its hometown with the acquisition of the Underwood Distribution Center and three development parcels in the southeast Houston suburb of La Porte, TX from BlackRock (NYSE: BLK). Terms of the deal were not disclosed.

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