JUNE 23, 2017 (HOUSTON) – Lee & Associates- Houston, a nationwide leader in commercial real estate services, is representing a private partner in its development of a 270+ acre master planned business park near Generation Park at Highway 59 and Beltway 8. Phase One of the park includes the development of 26 acres, and the design-build and/or build-to-suit of 20-50,000 square feet metal buildings, ideal for investors and manufacturing facilities wanting to be near major…
Lee & Associates- Houston Representing Private Partner in the Sale and Development of 270+ Acres Near Generation Park
Lee & Associates- Houston Lists Industrial Property in Foreign Trade Zone
JUNE 20, 2017 (HOUSTON) – Lee & Associates– Houston, a nation-wide leader in commercial real estate services, has partnered with leading industrial real estate company DCT Industrial Trust, Inc. (NYSE: DCT), in its search for a tenant to occupy 52,945 square-feet of warehouse and office space at 16303 Air Center Boulevard. Robert McGee, SIOR and Ryan Searle with Lee & Associates– Houston are managing the listing. The Air Center facility includes 44,064 square feet of…
Why You Must Perform Due Diligence in Your Commercial Real Estate Deals
If you are purchasing your first building, your due diligence obligation might seem overwhelming. Admittedly, none of the documentation involved in due diligence is fascinating reading material. And while inspecting ducts, pipes and elevator shafts, you may feel that you’re in over your head in more ways than one. But these inspections, reports, documents, and drawings will help you become a savvy, experienced, knowledgeable investor, which is the only real insurance for long-term success. That…
How to Discover Your Capitalization Rate
The capitalization rate is a convenient tool used in commercial real estate to understand the relationship between the asking price of a commercial property and its net income. The cap rate is a simple mathematical ratio. Divide the yearly net operating income (NOI) by the asking price or appraised value of a building. The resulting percentage is what you’re looking for. For example, a commercial building on the market with an asking price of $1…
Lee & Associates – Houston Partnering with Prologis on Industrial Warehouse Vacancy
JUNE 7, 2017 (HOUSTON) – Lee & Associates – Houston, a nation-wide leader in commercial real estate services, has partnered with Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, in its search for a tenant to occupy 18,678-square-feet of industrial warehouse space in the Prologis Kirby Center 2, 9300 S. Point Drive, in South Houston. The industrial space includes a 2,300-square-foot office area and is located near the Texas Medical Center and…
Lee & Associates – Houston Completes 11,375-Square-Feet Industrial Lease in Tomball Industrial Park
JUNE 6, 2017 (HOUSTON) – Lee & Associates – Houston, a nation-wide leader in commercial real estate services, represented Darren Alexander Realty Enterprises, LLC, in the leasing of 21227 Hufsmith-Kohrville Road, located in the Tomball Industrial Park, in Tomball, Texas. Patrick Wolford, SIOR, CCIM, and Mike Spears, SIOR, CCIM, of Lee & Associates – Houston represented the landlord, and Darren O’Conor of NAI Partners represented the tenant, Epic International, LLC. About Lee & Associates-Houston Lee…
Lee & Associates – Houston Completes Office Lease for Geosyntec Consultants at One Westchase Center
JUNE 1, 2017 (HOUSTON) – Lee & Associates – Houston, a nation-wide leader in commercial real estate services, successfully completed a 9,377-square-foot office lease for Geosyntec Consultants at One Westchase Center, 10777 Westheimer Rd, in Houston. Geosyntec Consultants opted to remain in the Westchase district because of the proximity to its employee base and clients and to continue growing its 20-year presence in the area. “Westchase is an established submarket that has seen a lot…
Lee & Associates – Houston Closes Industrial Sale of 6,193-Square-Feet in Stafford
MAY 31, 2017 (HOUSTON) – Lee & Associates – Houston, a nation-wide leader in commercial real estate services, represented TEAM Land Investments, LLC, in the sale of 12810 Century Drive in Stafford, Texas. Lee & Associates – Houston’s principals Taylor Schmidt and Reed Vestal represented the seller, and Richard Glass of CRC Real Estate represented the buyer, GER2, LLC. About Lee & Associates-Houston Lee & Associates-Houston is a fully-integrated commercial real estate company that creatively responds to…
Lee & Associates – Houston Completes 10,000-Square-Feet Industrial Warehouse Lease in Brookshire
MAY 31, 2017 (HOUSTON) – Lee & Associates – Houston, a nation-wide leader in commercial real estate services, represented Clover RE, LLC in the leasing of 10,000-square-feet industrial warehouse lease at 34153 Sunset Lane in Brookshire, Texas. Patrick Wolford, SIOR, CCIM, and Preston Yaggi, SIOR, CCIM of Lee & Associates – Houston represented the landlord, and Chris Caudill, SIOR of NAI Partners represented the tenant, KSSM Industries, LLC. About Lee & Associates-Houston Lee & Associates-Houston…