Houston-based PSS Industrial Group secures new strategic headquarters and distribution location
JLL secures new 200,824-square-foot industrial lease at Ella Logistics Center
Houston, Dec. 15, 2020 – Houston-based PSS Industrial Group, a leading value added distributor serving a diverse base of customers in the energy industry, has agreed to a new 200,824-square-foot industrial lease in Houston, JLL announced today. The commercial real estate firm successfully negotiated their new lease at Ella Logistics Center, located within Pinto Business Park at 10507 Ella Boulevard.
Ella Logistics Center, developed and owned by Hines, the international real estate firm, and represented for leasing by Jim Foreman and Allison Bergmann of Cushman & Wakefield, is located 13 miles north of downtown Houston and minutes from Bush Intercontinental Airport. This strategic headquarters and distribution location was selected in an effort to support PSS Industrial Group consolidation of multiple facilities and ongoing growth needs.
“Having the combined offerings of PSS Industrial Group within one first class facility will allow for greater synergies and an ever more rewarding work experience for our employees,” said Phillip Goodwin, Chief Technology Officer, PSS Industrial Group. “This was the opportune time for us to make this move in the market. Our hub and spoke model will ensure PSS Industrial Group is still physically present where our customers need us.”
JLL’s Jeff Venghaus and Richard Quarles negotiated the lease on behalf of PSS Industrial Group. Laura Denkler and Palmer Letzerich represented Hines.
“We were excited to partner with the PSS Industrial Group team on this very important company initiative,” said Venghaus. “This first-class location will serve PSS Industrial Group well as they service and support their diverse base of customers in the energy industry.”
Demand for quality industrial space remains especially strong in Houston. According to JLL Research, year-to-date industrial deliveries through Q3 2020 topped 20 million square feet, surpassing the completion total for all of 2019.
JLL is expected to take occupancy in Summer 2021.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.