CenterPoint started construction in 2005, and so far 17 buildings are part of the development with tenants including FedEx, Men's Wearhouse, Kimberly-Clark and others. After the completion of the Home Depot facility, total square footage at the site will approach five million square feet.

Home Depot will be the first building on the west side of CenterPoint, which has room for two million square feet of further development, says a Mericle spokesman. The east side of the project, where all current tenants are located, has room for "millions more" square feet of development.

Home Depot, which operates about 70 distribution centers across the country to feed its more than 2,000 stores, will employ about 350 workers at the facility. It will have 179 dock doors and parking capability for 240 cares and 431 trailers.