Colliers International is pleased to announce CLEC Distribution has leased a 27,040 square foot industrial building at Energy Commerce Business Park located at 603 E Sam Houston Parkway South in Pasadena, Texas. Robert Alinger of Colliers International represented the tenant in the transaction. The landlord, Clay Partners, was represented by John Simmons, Holden Rushing and Chris Haro of NAI Partners.

CLEC Distribution is a distributor and division of Alliance Laundry Systems, providing commercial and industrial laundry equipment in Texas, Louisiana, Alabama, Mississippi and parts of Georgia and Florida. Alliance Laundry Systems is a leader in commercial laundry sales and product selection. They assist commercial laundries' needs by providing consulting, design, marketing and finance. CLEC Distribution offers both coin and non-coin operated equipment for many industries like hotels, healthcare, laundromats, nursing homes and professional care.

Houston’s industrial market continues to expand, adding 13 million square feet of new inventory in 2019. Currently, there are another 25 million square feet of industrial space under construction, which is approximately 38% preleased. Houston’s industrial market is healthy, with a 6.9% vacancy rate. The East-Southeast Far submarket, where CLEC Distribution will be located, is the largest Houston industrial submarket with 73.5 million square feet of inventory and continues to expand with 4.3 million square feet currently under construction.

To learn more about CLEC Distribution, visit https://clecco.com

To learn more about Alliance Laundry Systems, visit https://alliancelaundry.com

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.