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Massive Prologis Warehouse Project Hits 100 Percent Occupancy

Prologis properties in West by Northwest Industrial Park are 100 percent leased, Transwestern reports.

Prologis properties in West by Northwest Industrial Park are 100 percent leased, Transwestern reports.

HOUSTON – The 2 million SF Prologis warehouse portfolio in the West by Northwest Industrial Park has reached 100 percent occupancy, according to Transwestern, the Houston-based commercial real estate firm.

“We are pleased to bring this assignment to full occupancy,” said Darryl Noon, senior vice president of Transwestern. “Despite some of the national attention Houston is receiving regarding economic uncertainties, we are seeing strong activity in this submarket.”

Located in Northwest Houston at the intersection of West Little York Road, Gessner Road and Hempstead Highway, the Prologis portfolio within the park consists of more than 2 million square feet and is comprised of 20 buildings.

Taking Prologis over the top to 100 percent leased status, was the signing of a new 31,000-square-foot industrial lease to Black Horse, LLC. Black Horse is a joint venture between Caterpillar Inc. and Ariel Corp. that provides well service pressure pumping products and solutions within the global oil and natural gas industry.

Noon and Transwestern Managing Director Brian Gammill represented the landlord, Prologis Targeted U.S. Logistics Fund in the transactions.

July 28, 2016. Copyright 2016 Realty News Report

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