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News release

HOUSTON, TX

JLL Negotiates 50,000-Square-Foot Industrial Lease in Southwest Houston

Sanita Footwear, LLC extends lease at Westhollow Distribution Center


HOUSTON, Aug. 17, 2016 – On behalf of Sanita Footwear, JLL today announced the firm has negotiated the extension of a 50,000-square-foot industrial lease at Westhollow Distribution Center, located at 4023 Westhollow Parkway in the southwest industrial submarket of Houston, Texas.

JLL's David Buescher and Travis Secor negotiated the terms on behalf of the tenant. Ed Bane and Jon Michael of Bridge Commercial represented the landlord, Colony Capital.

"Houston's southwest industrial submarket has become an appealing alternate to northwest Houston for users who are unable to identify satisfactory options in the northwest, but still desire easy access to major transportation corridors and infrastructure," said Buescher. "The southwest is especially attractive to distribution users, as it is the next best geographic option in terms of access to the main population center of Houston."

According to JLL Research, total vacancy in the southwest submarket has been steadily trending downward since 2009, reaching four percent at the mid-point of 2016. The submarket had 564,166 square feet of positive net absorption in the second quarter of 2016.

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About JLL
JLL (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. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.