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LA PORTE. TEXAS — Hines, a global real estate investment firm, has acquired Underwood Distribution Center, a Class A, 2.2 million-square-foot industrial park located at 359 Old Underwood Road in La Porte, approximately 12 miles east of Port Houston. The center consists of five buildings that are 100 percent leased, as well as three development parcels. Hines’ first addition to the property will be a 167,000-square-foot distribution building, which is slated for delivery in the fourth quarter of this year.