b'4American Journal of Transportation ajot.comSPONSORED CONTENT (INFILLcontinued fromrecentyears,saidEvan page 2) Lippow, CenterPoints senior is available in these markets;vice president of investments.seaport markets finished 2020 with an average vacancy rate of3.6%.Only75million squarefeetwasundercon-structioninthesemarketsat the end of 2020, the CBRE report added, with more than a third of it preleased. Thosefacts,combined with the requirement for smaller propertiesinmetropolitan areas, explain the infill aspect of CenterPoints strategy. Infill,Evan Lippow, CenterPoints senior CenterPoints newly acquired property at 3507 Pasadena Freeway in Pasadena, Texas, offers strategic access toincommercialrealestate,vice president of investmentsport, rail and highway infrastructure, making it ideal for regional distribution activities. refers to the development ofThe lions share of Cen-urban or suburban land, oftenterPointsinvestmentssince CenterPoint Properties Texas expansion fulfillingempty lots, unused buildings,thebeginningof2020has growing demandfor logistically advantaged space orunder-usedbuildings,inbeenalongtheWestCoast, built-upareas.Oneadvan- with the addition of 17 prop-tage of infill development iserties in Southern California, By Paul Scott Abbott, AJOT thereadyaccesstoexistingOakland, and Seattle, totaling water, power, and communi- 25buildingsandover3.75 Advancing corporate strat- Houstons Barbours Cut Con- nations No. 1 foreign tonnagecations infrastructures.million square feet of space, egieshonedovernearlyfourtainer Terminal and 16 milesport and by far the busiest GulfInfilllandsitesacrossmakingCenterPointoneof decades,CenterPointProper- fromitsBayportContainer(EXPANSIONcontinuedthe country have experienced(INFILLcontinued on tiesisassertivelyexpandingTerminal. Port Houston is theon page 8) explosiverentalgrowthinpage 11)itsTexasportfoliooflogisti-cally advantaged industrial real estatetoprovidewarehouse and distribution solutions that reducetransportationcosts while enhancing supply chain efficiencies. Oakbrook,Illinois-head-quarteredCenterPointhas invested $500 million to date intheHoustonareaalone, encompassing37properties andmorethan6.3millionHOUSTONS YOURsquare feet of warehouse space. And the companys presence in the business-friendly Lone Star State is now spreading further to embrace prime locations in the Dallas-Fort Worth and Aus- BEST SOLUTIONtin-San Antonio markets.Texasisexperiencing nation-leading growth in popu-lation and economic strength, RivesNolen,CenterPoints Houston-basedseniorvice presidentofinvestments,told AJOT. CenterPoint is serving thisburgeoningmarketplacePORT HOUSTONprovides a higher degree of service and stability for byacquiringpremiumindus-trial properties that offer highlyimporters and exporters. Port Houston works with BCOs to overcome efficient access to port, rail andlogistics and service issues and our Port Houston team can be contacted highway transportation. directly by BCOs for an immediate response.M ultIModala CCesso fferedCenterPointsrecently acquired 601,261-square-foot More Reliable All Water Servicebuilding on 31 acres at 3507 PasadenaFreewayinPasa-Less Congestion More Accessibledena, Texas, wholly embod-More Stable Less Complicatedies these enviable multimodal access characteristics.ThePasadenaproperty isadozenmilesfromPortCall or visit us online to learn more about Port Houston,The International Port of Texas.Rives Nolen, Houston-based senior vice president of CenterPointPortHouston.com713-670-2400Properties, is overseeing the expansion of the companys central region portfolio, focusing on burgeoning Texas markets.'