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JLL negotiates 43,000-square-foot industrial sublease at Beltway Crossing Business Park
On behalf of American Door Products Inc., JLL today announced the firm has negotiated a 43,411-square-foot industrial sublease at Beltway Crossing Business Park, 7505 Bluff Point Drive in Houston, Texas.
JLL's David Buescher negotiated the terms on behalf of the subtenant. Walker Barnett and Patrick Sentner of Colliers International represented the sublandlord, The Newdell Company.
A Houston-based manufacturer and supplier of commercial doors, frames and hardware, American Door Products will use their new space for commercial door manufacturing, sales and distribution.
"This property was right for American Door Products for a number of reasons," said Buescher. "The space contains much of the infrastructure and improvements the company needs to operate, and on top of that, the location will help the company increase their sales coverage, realize synergies with their existing operations and enjoy excellent mobility for distribution throughout Houston."
In addition to the company's headquarters at 7967 Blankenship Drive in Houston, they also have a manufacturing facility in South Houston.
Built in 2013, 7505 Bluff Point Drive is an 86,823-square-foot industrial building within the Beltway Crossing master-planned business park. Features of the building include dock-high and grade level loading doors, 24-foot clear heights, and immediate access to Beltway 8 and Highway 249.
According to JLL research, Houston's industrial market remained healthy through the start of 2017. Largely driven by the consumer goods and logistics sectors, the industrial market recorded 2.4 million square feet in positive net absorption during the first quarter of this year.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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