JLL today announced Polymers Packaging & Warehousing Inc. has acquired a 275,000-square-foot warehouse from Aleen Street Associates, Ltd. The rail-served building is located at 550 Aleen Street within Houston’s 610 Loop.

JLL’s Ryan Fuselier and Travis Secor negotiated the terms on behalf of the buyer. Bob Berry and Grant Hortenstine of Avison Young represented the seller.

Based in Houston, Polymers Packaging & Warehousing Inc. is a supplier of multiple types of plastic resins, which they export worldwide. 550 Aleen will serve as the company’s global manufacturing and distribution facility.

“We’re seeing sustained demand from the plastics industry for rail-served properties,” said Fuselier. “The location, size and rail-served capacity of this property offers Polymers Packaging & Warehousing Inc. the chance to bring some of their storage and packaging needs in-house and will support the continued growth of their business operations.”

According to JLL research, the refining and processing of oil and gas into chemicals, plastics and other products has helped increase industrial real estate demand in Houston and along the Gulf Coast. In recent years, the petrochemical boom and Port Houston have driven demand for rail-served warehouses, particularly on the east side of Houston.

Located in the northeast corner of the 610 Loop, 550 Aleen provides convenient access to Houston’s petrochemical plants and Port Houston by way of Interstates 10 and 610 and Texas State Highway 225.

The building has eight rail doors and is actively served by Union Pacific. Other features of the property include 27-foot clear heights, 44 dock-high doors and a fully-fenced truck court.