Colliers International is pleased to announce three new leases in Port Crossing Commerce Center in La Porte, Texas.
In Building C4 at 1814 Highway 146 South, Gasket Resources leased 17,257 square feet and was represented by John Willhoite of Qualified Properties.
Also in Building C4, Leader Marine USA leased 26,619 square feet and was represented by Travis Secor and Ryan Fuselier of JLL.
In Building B1 at 1901 Wharton Weems Boulevard, Averitt Express leased 92,750 square feet and was represented by Pete Greenfield of Equitable Property Company.
Gary Mabray and Walter Menuet of Colliers International represented the landlord, Liberty Property Trust, in all three transactions.
Houston’s industrial market posted 2.4 million square feet of positive net absorption Q4 2019, pushing the 2019 year-end total absorption to 8.7 million square feet. The 20 million square feet of industrial space under construction in Houston is 38.9% pre-leased. A large portion of this construction is located in the Southeast, Southwest and North Corridor submarkets.
Liberty Property Trust owns and manages 10.39 million square feet of space across 69 buildings in the Houston metro, with significant concentrations of buildings at parks including Central Green Business Park, Greens Crossing Distribution Center, Legacy Business Park, Liberty Northwest Business Park, and Port Crossing Commerce Center.
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