Skip Ribbon Commands
Skip to main content

News release

HOUSTON

JLL negotiates 47,500-square-foot industrial lease in southwest Houston


HOUSTON, July 24, 2017JLL today announced the firm completed a 47,500-square-foot industrial lease with ProEnergy Services, LLC at 8303 McHard Road in Houston, Texas.

JLL's Mark Nicholas, Richard Quarles and Joe Berwick negotiated the terms on behalf of the landlord, Schroeder Partnership Ltd. Drew Coupe and Josh Morrow of Stream Realty represented the tenant.

ProEnergy Services, based in Sedalia, Missouri, is a third-party solutions provider to the energy industry. The company operates in more than 40 countries including the U.S., Canada, Brazil, Angola and Pakistan.

"Between two of Houston's most energy-centric submarkets, this location offers users easy access to companies in every sector of the oil and gas industry," said Nicholas. "This property offered the crane capacity ProEnergy Services was looking for and additional acreage for room to expand in the future."

Situated on approximately 8.5 acres, the property has expansion potential of approximately 100,000 square feet.

Built in 2006, the building's features include 42-foot ceiling heights, ESFR sprinkler systems, ample covered parking and Class A office space. The building is also equipped with two 30-ton, one 20-ton and seven 3-ton cranes.

According to JLL research, the southwest industrial submarket has emerged as an alternative to the high-demand northwest and southeast submarkets that border it. With access to Beltway 8 and U.S. Highway 288, the southwest has seen a steady stream of activity from both flex and rear-load users over the last several quarters. As a result, the submarket recorded 322,382 square feet of positive net absorption in the first half of 2017.

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 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 the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 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.