Some Very Large Buildings Now Owned by the Bank

SOME VERY LARGE BUILDINGS NOW OWNED BY THE BANK Oh, but this time it’s the Houston Food Bank, announcing it has finally acquired restaurant distribution giant Sysco Foods’ former warehouse facilities at 535 Portwall St., just northeast of the intersection of I-10 East and the Loop. Officials of the nonprofit organization are set to announce plans today for renovating the property into the largest food bank in the country. The Houston Food Bank paid $17 million for the complex, down from the $22 million quoted when the deal was first announced: “The acquisition included a 272,711-square foot warehouse, a 153,341 square-foot freezer building and a 15,870 square-foot truck center. . . . This deal had been in the works since 2007 when Sysco announced it was selling its storage warehouse to build a new one on the north side of town.” [Prime Property]