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News release

HOUSTON

JLL Negotiates 303,281-Square-Foot Industrial Lease in Southeast Houston

Third-party logistics firm extends lease at Greens Port Industrial Park


HOUSTON, Jan. 31, 2017 – On behalf of Gulf Winds International Inc., JLL today announced the firm has negotiated the extension of a 303,281-square-foot industrial lease at Greens Port Industrial Park, 1755 Federal Road in Houston, Texas.

JLL's Jeff Venghaus and Ryan Fuselier negotiated the terms on behalf of the tenant. Watco Companies at Greens Port Industrial Park negotiated the terms on behalf of the landlord.

Gulf Winds International is a full-service, third-party logistics firm focused on warehousing, land transportation, distribution and consolidation. The Houston-based company operates more than 2.3 million square feet of warehouse space in Houston and Dallas.

"With customers throughout the Gulf Coast region, Gulf Winds enjoys this location because of its proximity to the Port of Houston and rail service capabilities," said Fuselier.

Owned by Watco Companies since 2011, the property was originally opened in 1942 as a steel plant and later converted to a multi-tenant industrial park. Today, Greens Port Industrial Park encompasses more than 650 acres and 3.1 million square feet of warehouse space. Located in the southeast industrial submarket, features of the facility include connectivity to Class 1 railroads, four deep-water docks, three barge docks, and excellent access to Interstate Highway 10, Houston's main east-west thoroughfare.

According to JLL research, the southeast industrial submarket outperformed others on many fronts throughout 2016, closing the year with positive net absorption of 3 percent. Houston's industrial market continues to see healthy warehouse and distribution demand, largely driven by consumer goods and logistics.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv

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.  JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 70,000.  On behalf of its clients, the company 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. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 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.

About Watco Companies

Owner of the largest private short-line railroads in the U.S., Watco Companies operates more than 4,700 miles of track providing transportation, terminal and port supply chain and mechanical solutions for customers throughout North America and Australia. Greens Port is one of more than 65 terminals that the company's Terminal and Port Services division currently manages. Watco's focus on customer satisfaction has grown the company into an all-encompassing industrial powerhouse serving the rail, mechanical, switching, storage, trucking, warehousing and terminal/trans-loading needs of customers throughout 37 states.