September 19, 2024 (HOUSTON) – In the evolving office markets of major U.S. cities, where daily foot traffic has decreased, property owners are increasingly focused on maximizing and monetizing every building’s amenity potential and opportunities for revenue. Lee & Associates Houston’s office division has observed this trend through their client conversations and surveys of the competitive market. This shift has inspired innovative repurposing, especially in revitalizing the underutilized rooftops of parking structures. As parking demand…
Underutilized Office Building Parking Garage Rooftops Create New Value-Add Opportunities for Landlords
LEE & ASSOCIATES – HOUSTON COMPLETES LANDMARK INDUSTRIAL OUTDOOR STORAGE TRANSACTION
September 17, 2024 (HOUSTON) – Lee & Associates – Houston successfully completed one of the largest Industrial Outdoor Storage (IOS) transactions in the city’s history. The sale involved a 194,000-square-foot truck terminal on 17 paved acres at 2222 North Wayside Drive in Northeast Houston. Increased demand for IOS properties fueled intense competition for this valuable asset. The deal was facilitated by Lee & Associates brokers C.E. “Trey” Erwin III and Josh Carl, and acquired by…
LEE & ASSOCIATES – HOUSTON MERGES WITH COMMERCIAL RESOURCE CAPITAL
August 8, 2024 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, has expanded its service offerings to include financial advisory and investment brokerage, with the acquisition of Commercial Resource Capital (CRC), a full-service mortgage banking and real estate investment services company based in Houston. “By integrating CRC’s expertise in capital markets and investment brokerage, Lee & Associates – Houston is poised to offer a more comprehensive suite of…
LEE & ASSOCIATES – HOUSTON: LEASE OF 15550 EXPORT PLAZA DR., HOUSTON
April 24, 2024 (HOUSTON) – Lee & Associates – Houston is excited to announce the successful completion of an Industrial Outdoor Storage (IOS) lease spanning 27,800 square feet on 7.6 paved acres at 15550 Export Plaza Drive. Situated strategically near Bush IAH and with convenient access to Beltway 8, this transload building stands out as a unique property in Houston’s sought-after North Submarket. C.E. “Trey” Erwin III, MBA|SIOR, Principal, and Josh Carl, Director, skillfully represented…
LEE & ASSOCIATES – HOUSTON: 26 ACRES OF LAND SOLD ON HIGHWAY 35 IN PEARLAND, TX
May 1, 2024 (HOUSTON) – Lee & Associates – Houston is pleased to announce the successful sale of 26 acres of commercial land located alongside Highway 35 South in Pearland, Texas. Richard Glass, SIOR, Principal at Lee & Associates – Houston represented the seller, Lucas Properties and Investments, LLC. Craig Bean of Transwestern represented the buyer, PIBP, LLC. About Lee & Associates – Houston Lee & Associates – Houston is a fully-integrated commercial real estate…
LEE & ASSOCIATES – HOUSTON LOCKS IN 29,373 SF OFFICE LEASE FOR XAVIER ACADEMY
July 2, 2024 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, is pleased to announce the successful lease of 29,373 square feet to Xavier Academy. The private education institution, known for its focus on relational learning, will occupy a floor and a half at 6100 Hillcroft Avenue in the Southwest Hillcroft submarket. The seven-story, first-class office building, situated near the Galleria, provides convenient access to the Southwest Freeway,…
The Average Distribution Lease Size Returns to Normalcy in 2024
June 20, 2024 (HOUSTON) – The Houston Industrial Metro Area is a formidable distribution powerhouse. It features state-of-the-art facilities and expedient access to the premier port of the Gulf Coast. The sprawling port city has long been a crucial factor in meeting the logistics needs of some of the nation’s largest companies. In recent years, notably in the midst of the COVID-19 pandemic and beyond, demand for distribution space has surged significantly. This can primarily…
OVERCOMING CHALLENGES IN THE SALE OF 50-PLUS PRIME ACRES ON THE GALVESTON SEAWALL
February 15, 2024 (HOUSTON) – OVERVIEW Galveston Island is an attractive destination for Houstonians to enjoy a beach vacation without a long car ride. It’s also ideal for those looking to invest in real estate. The 50-mile barrier island offers few opportunities for business developers to get their hands on a plot of land. So, when nearly 52 acres of undeveloped property on the Seawall became available, Lee & Associates – Houston’s Richard Glass, SIOR,…
LEE & ASSOCIATES – HOUSTON’S LEASING TEAM DELIVERS BIG WINS IN HEART OF THE ENERGY CORRIDOR
June 10, 2024 (HOUSTON) – OVERVIEW In 2020, Houston EC Development started a redevelopment plan for 13501 Katy Freeway with a new vision for the repurposing the former Fortune 100 campus. Situated on 35 acres, running adjacent to Terry Hershey Park, and connecting Memorial Drive and I-10, the 325,000 square-foot building still had plenty to offer business looking for discerning tenants looking for Class A office space. Republic Square, as it’s now known, features abundant…