Insight

Industrial Leases Negotiated by Cresa Houston in September

October 16, 2012

HOUSTON, TEXAS – October 16, 2012 – The Houston office of Cresa, North America’s largest tenant representation firm, recently closed several industrial transactions:

 

Lease: Interior Exterior Building Supply Houston, which serves the construction industry with building materials, renewed a 32,445-square-foot lease at 12249 FM 529 in the West Outer Loop industrial submarket. Barrett Gibson, a Managing Principal, and Chase Spence, an Advisor with Cresa Houston, represented the tenant. Mike Farris of Texas Development Company represented the property owner.

 

Lease: Array Holdings North, a leading manufacturer and distributor of gate valves, actuators and other flow control products for oil & natural gas wellhead, manifold, fracture, and distribution applications as well as ball valves for distribution, refining, petrochemical and mining applications, recently leased 27,000 square feet at 1973 and 1975 FM 1252 in Kilgore, Texas. Array is expanding into a new market and is expected to move in January 2013. Barrett Gibson, a Managing Principal, and Jason English, a Senior Advisor, represented the tenant. Frank Chaney with Coldwell Banker Commercial represented the landlord.

 

Lease: Zigong International Marketing, which markets and distributes its tungsten and molybdenum products, leased 4,424 square feet of flex space at 4560 Kendrick Plaza Drive in the North Hardy Toll Road industrial submarket. The tenant was represented by Barrett Gibson, a Managing Principal, and Jason English, a Senior Advisor; the landlord, EastGroup Properties, was represented by Rives Nolen of InSite Commercial Real Estate.

 

Sale: 10230 Carter Road, a five-acre property in the North Freeway/Tomball Parkway industrial submarket, has been sold to JDG Interests, LLC for an undisclosed amount. Chase Spence, an Advisor with Cresa Houston, represented the property owner, UCC Properties, Ltd., in the transaction. David Buescher with Stream Realty Partners represented the buyer.

About Cresa

Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Global Accounts, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, and Facilities Services. With more than 57 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world’s largest commercial real estate services firms; Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com.

  

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