Property Houston Portfolio: Lincoln Property to Manage 12

In Houston, Agellan, a Toronto-based commercial real estate investment firm, has tapped Lincoln Property Co. to handle property management services for a dozen properties in the Houston area. The properties total 1.52 million SF and encompass a mix of industrial, office, and flex space.

The deal expands Dallas-based Lincoln Property’s national partnership with Agellan Commercial REIT following a property management arrangement for Agellan’s Chicago portfolio earlier this year.

“The success of our Chicago transition proved how well our teams align on operations, communication and tenant experience,” said Kevin Wyatt, Executive Vice President, Lincoln Property Co. “Extending that model to Houston reinforces Lincoln’s ability to manage complex, multi-market portfolios and deliver consistency, quality and responsiveness for ownership groups and tenants alike.”

Agellan’s portfolio totals 6.5 million SF across the U.S. with a large share of the properties located in the Houston and Chicago markets. The company focuses on industrial assets in major markets across Texas, Illinois, Florida, Georgia, Indiana, Kentucky, Maryland, and Michigan.

“Lincoln has shown exceptional capability in both execution and partnership,” said Jeff Thompson, Vice President Asset Management, Agellan. “Their proven track record, attention to detail and commitment to operational excellence made the decision to expand our relationship to Houston an easy one.”

The Houston portfolio is located across key submarkets including the North Sam Houston Parkway, South Loop Freeway and Northwest Houston, representing a mix of flex, light industrial and low-rise office assets.

The 12-property portfolio consists of:

Corporate Centre II (11000 Corporate Centre Drive); Corporate Centre III (10900 Corporate Centre Drive); Corporate Centre IV (4920 Westway Park Blvd.); Jameel, West by Northwest Business Park (9001 and 9101 Jameel Road); Long Point Industrial Park (6500-6600 Long Point Road); Minimax Industrial Park (2301-2399 Minimax Drive); Northgreen Business Center (1400, 1404, 1408, 1412 N. Sam Houston Parkway E.); Pine Forest Business Park (232 and 302 350 W. 38th St.); Rothway Business Center (6300, 6310 and 6320 Rothway St.); Silber Road Business Park (2055, 2105, 2155 Silber Road); Southport Business Park (5975, 6013, 6033, 6039 S. Loop E.); and West by Northwest Business Park (6100 and 6120 West by Northwest Blvd.)

One of the nation’s largest private real estate firms, Lincoln Property offers a fully integrated platform of real estate services and solutions to owners, investors, lenders and occupiers across all asset types. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 680 million SF of commercial space in the U.S. and Europe.

In Houston, Lincoln Property provides property management for notable properties such as Greenway Plaza and CityNorth.