HOUSTON – (Realty News Report) – United Equities has completed leases for Phase 1 of its new Beltway-225 Business Park, located along Beltway 8 in Pasadena.
“There has been steady demand for high-quality industrial space in Houston,” said Doug Freedman, Vice President of United Equities. “We’re proud to deliver speculative developments that offer the features and amenities top-tier industrial tenants expect.”
The Houston-based developer is preparing to break ground on Phase 2, which will include two tilt-wall buildings: a 22,000-square-foot building at 826 E. Sam Houston Parkway S., and a 24,000-square-foot building at 830 E. Sam Houston Parkway S.
The first two completed industrial buildings, which are fitted with 10-ton overhead cranes, have been leased to single-tenant occupants. PTR Holland signed an 18,500-square-foot lease, and Cooper Valves leased 21,000 square feet.
NAI Partners’ Travis Land and Michael Keegan represented United Equities in both transactions. Cooper Valves was represented by Taylor Scheps of Newmark Knight Frank.
United Equities’ recent notable industrial projects include development and sale of the 124,000-square-foot Harms Road Business Park, an 83,500-square-foot speculative building at Satsuma Station Industrial Park, and acquisition of a 16-acre development site on East Beltway 8.
Feb. 6, 2020 Realty News Report Copyright 2020
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