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CapRock Partners is adding to its Texas industrial portfolio. The acquisition of Kennedy Greens Distribution Center marks its first in Houston.

Most importantly, CapRock highlighted in a statement the fundamentals of the Northern submarket where the asset is located, noting it is "one of Houston’s most active and dynamic distribution and logistics centers."

“Houston’s industrial market continues to demonstrate strength, driven by durable demand, land constraints and a diversified economy," Jon Pharris, co-founder and president of CapRock, said.