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JLL represents Evoqua Water Technologies in 107,000-square-foot industrial lease
HOUSTON, June 21, 2018 – JLL today announced Evoqua Water Technologies has signed a new 107,000-square-foot industrial lease at World Houston Business Park, 15414 International Plaza Drive in Houston. The company currently occupies approximately 45,000 square feet within the park but will consolidate three Houston-area locations into a new space within the business park in the fourth quarter of this year.
The Pittsburgh-based company provides water treatment solutions to municipalities and industrial customers and has operations in Australia, Canada, China, Germany, Italy, Singapore, and the United Kingdom in addition to the U.S.
JLL's David Buescher and Geoff Perrott represented Evoqua in the transaction. Logan Greer and Rives Nolen of InSite Realty represented the landlord, EastGroup Properties.
Built in 1999, 15414 International Plaza Drive is a 107,000 square foot Class A industrial warehouse in Houston's north industrial submarket. Features of the building include 24-foot clear heights, 22 dock-high loading doors, a 4.5-acre fenced truck yard and 16,000 square feet of office space. The building's location offers convenient access to Interstate 45, Beltway 8 and Interstate 59.
According to JLL research, the north industrial submarket is one of Houston's top performing submarkets, recording approximately 390,000 square feet of positive net absorption in the first quarter. On a whole, Houston's industrial market remains tight, with an overall vacancy rate of just 4.8 percent.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
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