- Evergen Equity purchased three fully leased industrial properties in Houston totaling 254,457 square feet.
- The assets serve as headquarters facilities for Empower Pharmacy, Camin Cargo Control, and HD Supply, with weighted average lease terms exceeding 11 years.
- The acquisitions align with Evergen’s strategy of targeting long-term, triple-net leased properties tied to essential tenant operations.
Evergen Equity has expanded its Houston footprint with the acquisition of a three-building industrial portfolio totaling 254,457 square feet. The assets serve as headquarters locations for tenants in the pharmaceutical, petrochemical, and home improvement sectors.
“In a market environment where many investors remain on the sidelines, we continue to uncover exceptional value by focusing on assets that are essential to tenant operations,” said Troy Marcus, Founder and CEO of Evergen Equity.
Portfolio Snapshot
The portfolio includes:
- 7601 North Sam Houston Parkway West (Houston): An 85,797-square-foot lab and distribution facility that serves as the national headquarters for Empower Pharmacy, featuring specialized, FDA-compliant production infrastructure.
- 1001 Shaw Avenue (Pasadena): A 69,140-square-foot facility near the Port of Houston occupied by Camin Cargo Control. The property includes 3.5 acres of outdoor storage and specialized lab space supporting nearby refineries.
- 10101 Fountaingate Drive (Stafford): A 99,520-square-foot Class A industrial building leased to HD Supply, a subsidiary of The Home Depot, with excess land for potential expansion.
“These three acquisitions represent exactly the kind of generational real estate we target: mission-critical facilities with significant tenant investment, situated in main-and-main locations with high barriers to entry,” Marcus said.
The portfolio carries weighted average lease terms of more than 11 years. Marcus added, “The space is integral to the operations of these tenants,” noting that tenant buildouts and strategic locations help provide “stable, long-term cash flow.”
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Strategic Play
Evergen focuses on acquiring assets below replacement cost that function as operational backbones for creditworthy tenants. The Houston properties are positioned along major transportation corridors, including Beltway 8 and Highway 225, offering access to the broader Texas Triangle and its 25 million-plus consumers.
Why Houston?
Houston continues to stand out as a resilient industrial market, fueled by population gains, port activity, and manufacturing growth. The properties sit along major corridors, including Beltway 8 and Highway 225, offering access to more than 25 million consumers across the Texas Triangle.
What’s Next
The acquisitions reflect Evergen’s strategy of securing assets below replacement cost that offer both wealth preservation and appreciation potential across market cycles.
To learn more, go to evergenequity.com.
