Insight

Oil & Gas Distributor Signs Long-Term Lease and Expands

May 21, 2013

HOUSTON, TEXAS – May 21, 2013 – The Houston office of Cresa, North America’s largest tenant representation firm recently closed the following transactions:

Cinco Pipe & Supply, a distributor of high quality tubular goods and related services to the oil & gas industry, recently renewed a long-term lease, expanding into 10,126 square feet at 333 North Sam Houston Parkway East in the Greenspoint/North Belt submarket. Julie King, a Principal with Cresa Houston, represented the tenant, and Lee Jeane with Avison Young represented the landlord. [OFFICE]

Rainbow Ceramics, a fast-growing manufacturer and supplier of ultra-lightweight, lightweight, and intermediate- and high-strength ceramic proppants, recently signed a new 4,008-square-foot lease at Building 4 of Beltway 8 Office Center located at 9920 W Sam Houston Parkway S in the Southwest Beltway 8 office submarket. Andrew Jewett, an advisor with Cresa Houston, represented the tenant, and Walter Minuet with Colliers represented the landlord. [OFFICE/FLEX]

Locke Solutions, a newly established company which provides electrical, communication, power, drainage, industrial, and custom solutions to the construction industry, recently closed on a long-term, 27,500-square-foot industrial/flex lease for its Precast Division. Chase Spence, an Advisor with Cresa Houston, negotiated the transaction on behalf of Locke Solutions at Santa Fe Business Park in the South Highway 35 industrial submarket of Houston. Rives Nolen of InSite Commercial Real Estate represented the property owner, Garver Real Estate. [INDUSTRIAL/FLEX]

 

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, Corporate Solutions, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, Mission Critical Solutions, and Facilities Services. With more than 58 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 173 locations in 40 countries. For more information, visit www.cresa.com.

 

###