Leading industrial real estate firm expands Texas footprint with strategic North Houston acquisition
HOUSTON – July 16, 2025 – CapRock Partners (“CapRock”), a privately-owned investor and developer of industrial real estate in the Western and Central U.S., today announced the acquisition of Kennedy Greens Distribution Center, a 524,199-square-foot, Class A industrial facility in Houston, Texas. The fully leased property marks CapRock’s entry into the Houston market and supports the firm’s ongoing expansion across Texas.
“CapRock Partners is pleased to complete its first acquisition in Houston, one of North America’s most important logistics markets,” said Taylor Starnes, Vice President of Acquisitions at CapRock Partners. “Kennedy Greens Distribution Center is a modern, institutional-quality facility in a supply-constrained submarket experiencing sustained tenant demand. This investment enhances the breadth of our Texas portfolio and underscores CapRock’s disciplined approach to identifying and securing best -in-class industrial assets with strong long-term fundamentals.”
Completed in 2020, Kennedy Greens Distribution Center is a state-of-the-art cross-dock facility featuring 36-foot clear heights, 103 dock-high doors, four grade-level doors, 128 trailer stalls and 276 car parking spaces. The building is equipped with LED lighting, ESFR sprinklers and 3,000 amps of power, and offers a 185-foot-deep truck court to accommodate efficient, high-volume logistics operations.
Located on 29 acres at 13300 John F Kennedy Boulevard, the facility offers strategic access to major transportation routes including Beltway 8, I-69/US 59, I-45 and the Hardy Toll Road. It is less than three miles from George Bush Intercontinental Airport and near intermodal providers, supporting efficient regional, national and international logistics.
The North industrial submarket is one of Houston’s most active and dynamic distribution and logistics centers. Kennedy Greens Distribution Center is currently leased to three established credit tenants, and the asset’s surrounding area is home to a mix of notable industrial and commercial users.
“Kennedy Greens is a meaningful addition to CapRock’s portfolio as we strategically and intentionally expand across Texas and the Central U.S.,” said Jon Pharris, Co-Founder and President of CapRock Partners. “Houston’s industrial market continues to demonstrate strength, driven by durable demand, land constraints and a diversified economy. This acquisition reflects our ongoing commitment to investing in and providing high-performing logistics assets that align with the needs of our tenants, investors, and the overall U.S. supply chain.”
CapRock currently has a pipeline of approximately 1.8 million square feet of industrial property acquired, under contract or in development across Texas. The firm continues to pursue strategic investment and development opportunities in key growth markets throughout the Western and Central U.S.
ABOUT CAPROCK PARTNERS
Founded in 2009 in Newport Beach, Calif., CapRock Partners is a privately owned investor and developer of industrial real estate in the Western and Central United States. The company specializes in acquiring middle-market value-add industrial assets, developing large-scale institutional-quality Class A industrial warehouse facilities in key locations, and providing third-party asset management services for institutional investors. The firm is actively acquiring land for development and middle market value-add assets across the Western and Central U.S. Since inception, its total investment and development pipeline exceeds 35 million square feet of industrial real estate. Follow the company on Facebook, LinkedIn, X and Instagram.
