Colliers International Announces Two New Leases at West by Northwest Business Park Totaling 15,178SF

3/24/20

Colliers International is pleased to announce two new leases at West by Northwest Business Park in Houston, Texas. The completion of these two leases bring the occupancy of the business park to 100%.

At 6210 Rothway Street, Network Outfitters leased 11,673 square feet and was represented by Jay Kyle and Taylor Wright of Colliers International.

At 9000 Jameel Road, 3,505 square feet was leased to Arrow Exterminators who represented themselves in the transaction.

Walter Menuet and Judd Harrison of Colliers International represented the landlord, Citadel Venture Holdings, in both transactions.

The Northwest Inner Loop submarket, strategically located near Hwy 290 and W Sam Houston Pky, encompasses 60 million square feet of industrial and flex space. The submarket, which is 93.2% occupied, is the largest of the six submarkets in Houston’s Northwest industrial corridor. The average asking rental rate of $7.70 per square foot is slightly higher than the Houston average asking rate of $7.51 per square foot.

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 atcorporate.colliers.com, Twitter@ColliersorLinkedIn.

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