Centris Industrial will develop new industrial and logistics projects across the United...
Centris Industrial will develop more than 1.2 million square feet of industrial space in two buildings in Generation Park in northeast Houston.Generation Park in northeast Houston has landed the latest industrial project aimed at meeting demand for supersize modern distribution centers.
“The formation of Centris is a product of the momentum CA’s industrial and logistics arm has built since launching in 2018,” Tom Scott, board chairman of Centris and chief executive officer of CA Ventures, said in an announcement. Centris plans to invest in industrial and logistics projects across the United States.
Joe Trinkle, chief operating officer and Southwest market officer for Centris, is leading the development in Houston. He reports to Michael Podboy, chief executive officer of Centris. Nearly 2 million square feet of industrial space has been constructed at the site over the past six years, according John Flournoy, director of sales and leasing for McCord. About 4 million square feet is expected to be added over the next two years, he said. Future projects include a proposed Ikea fulfillment center, which is expected to be larger than the Centris project. Ikea bought 164 acres at Generation Park in 2018.
“If you’re a 1-million-square-foot tenant in the market place, you have very limited options other than build-to-suit,” Flournoy said.
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