Capitalizing on opportunities to acquire high-quality assets with durable cash flow, Austin-based Evergen Equity has acquired a strategically located portfolio of three industrial properties in the Houston metropolitan area. The acquisitions, totaling 254,457 square feet, serve as headquarters for industry-leading tenants in the pharmaceutical, petrochemical, and home improvement sectors.
These acquisitions strengthen Evergen’s footprint in the high-growth Houston market and align with the firm’s strategy of securing long-term, triple-net leased assets that serve as the operational backbone for creditworthy tenants.
“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. “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.”
The newly acquired portfolio includes three fully leased, state-of-the-art facilities:
- 7601 North Sam Houston Parkway West (Houston, TX): An 85,797-square-foot specialized lab and distribution facility in Northwest Houston. The property serves as the national headquarters for Empower Pharmacy, the largest 503A compounding pharmacy in the United States. The facility features extensive specialized infrastructure, including FDA-compliant production areas, positioning it as a vital hub for the tenant’s nationwide distribution network.
- 1001 Shaw Avenue (Pasadena, TX): A 69,140-square-foot industrial facility located in the heart of the Southeast Houston submarket, adjacent to the Port of Houston. The property is the headquarters for Camin Cargo Control, a global leader in petroleum inspection and testing. This low-coverage site includes 3.5 acres of outdoor storage and specialized lab space that supports the tenant’s service of nearby refineries.
- 10101 Fountaingate Drive (Stafford, TX): A 99,520-square-foot Class A industrial facility situated on 7.85 acres in Southwest Houston. The property is fully leased to HD Supply, a wholly owned subsidiary of The Home Depot (NYSE: HD). Serving as the corporate headquarters for its Redi-Carpet business, the facility features high-finish office space and significant excess land for future expansion, underscoring the tenant’s long-term commitment to the site.
“The space is integral to the operations of these tenants, with weighted average lease terms exceeding 11 years across the portfolio,” Marcus added. “From Empower Pharmacy’s specialized lab buildout to Camin Cargo’s strategic position near the Port of Houston, these tenants have made significant investments in these facilities, providing our Evergen Families with stable, long-term cash flow.”
Houston continues to demonstrate resilience as a top-tier industrial market, driven by population growth, port activity, and a booming manufacturing sector. The acquired assets are strategically positioned along major thoroughfares including Beltway 8 and Highway 225, offering connectivity to over 25 million consumers within the Texas Triangle.
