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News release

HOUSTON, TX

Vigavi Realty Leases 31,480 Square Feet at Fairmont Industrial Center

JLL negotiates Houston-Based Vigavi Realty to welcome Sprint Safety in Q2 2014


HOUSTON, January 29, 2014 — Jones Lang LaSalle and Vigavi Realty announced today the lease of 11804 Fairmont Parkway, a 31,480-square-foot industrial center sitting on 3.3 acres in La Porte, Texas.

JLL’s Vice President Richard Quarles and Executive Vice President, SIOR Mark Nicholas led the JLL team on this transaction. NAI Houston’s Jason Whittington secured the deal on behalf of Sprint Safety.  

“The center is located in the La Porte Industrial District,” said Quarles.  “Vigavi Realty is well-capitalized and was able to assess the needed scope of work to quickly deliver a beneficial structure to Sprint Safety.”

The Center has great access to refineries and plants located in La Porte, Deer Park and Baytown.

“Fairmont Industrial Center supports Sprint Safety’s operational needs and can accommodate expansion requirements,” said Vigavi’s Managing Partner Luis Villarreal. “This provided an outstanding opportunity to acquire a secure, long-term investment that is well-positioned to benefit Sprint Safety.”
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About Vigavi Realty
Vigavi is an owner, operator and developer of Industrial Real Estate in North America. Their industry leading properties and developments usually feature crane-served/ready structures, ample clear heights, high dock-doors, extensive yards, and warehouse expansion capability.

Vigavi delivers value to its Clients by offering a product that responds to their supply-chain operations at the best market conditions. We understand the changing environment in which they compete and maintain a flexible approach to support their business requirements.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.