HOUSTON — (Realty News Report) — Stream Realty Partners represented Winsupply of Houston in leasing 65,650 square feet at Cole Creek Business Park in northwest Houston.
The new distribution facility at 8708 West Little York Road will provide Winsupply with a larger, more efficient space to meet growing customer demand. Winsupply supplies HVAC products and required an upgraded distribution center to expand its service capacity.
“Winsupply’s growth as a company is a testament to the work they have done to become an industry leader,” said Heath Donica, Associate at Stream. “Their new location in Cole Creek will be a first-class facility in a premier business park within Houston’s Northwest submarket.”
Houston’s Northwest submarket—the city’s largest industrial submarket—has long been a leader in warehousing and logistics thanks to its access to major transportation routes and proximity to large population centers.
More than 19 million square feet of industrial space is currently under construction in Houston. E-commerce has driven much of the industrial market expansion, but broader economic activity has also increased demand for warehouse space. Major retailers and logistics companies continue to expand distribution networks to meet growth in online and omnichannel fulfillment.
Stream Realty has been hiring significant staff to support its growing industrial business, reflecting the rising activity in the sector.
“The industrial real estate sector is growing and evolving dramatically, and Houston’s industrial market has grown and become more sophisticated as a result,” said Matteson Hamilton, Managing Director and Partner with Stream Realty.
Cole Creek Business Park sits near the intersection of US 290 and Beltway 8 in the heart of the Northwest submarket, offering strong highway access and logistical advantages for regional distribution.
The new facility allows Winsupply to increase its footprint by approximately 30 percent, double its racking capacity, and triple its loading capabilities—improvements that will boost operational efficiency and throughput.
“We are in a strong and emerging marketplace. Specifically, as an essential business that continues to perform at or above market expectations year-over-year,” said Jason Greagrey, President of Winsupply. “In an effort to best serve our customers, we felt this was the right time for us to invest again in our business and improve our workspace, not just for the efficiency gains of a new and larger space, but for our hard-working employees who deserve a top-notch facility with a great company like Winsupply.”
Stream Houston industrial brokers Heath Donica and Tyler Maner represented Winsupply in the lease transaction. Faron Wiley of CBRE represented the landlord, Clarion Partners.
Founded in 1996, Stream has grown to more than 920 real estate professionals with regional offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Greater Los Angeles, Houston, San Antonio, San Diego, and Washington, D.C. The firm completes more than $3.6 billion in real estate transactions annually and is active as an investor and developer nationwide.
Jan 15, 2021 Realty News Report. Copyright 2021.
File: Winsupply Leases Space in NW
Caption: Cole Creek Business Park. Image courtesy Stream Realty Partners
File: (2) Stream Realty Partners. Winsupply Leases Space in NW Houston 1-15-21. Jason Greagrey, President of Winsupply. CBRE. Heath Donica. Tyler Maner