HOUSTON – ProEnergy Services, an energy industry services firm, leased 47,500 SF of industrial space at 8303 McHard Road, which is west of Almeda Road, south of Beltway 8.
JLL’s Mark Nicholas, Richard Quarles and Joe Berwick negotiated the terms on behalf of the landlord, Schroeder Partnership Ltd. Drew Coupe and Josh Morrow of Stream Realty represented the tenant.
ProEnergy Services, based in Sedalia, Missouri, is a third-party solutions provider to the energy industry. The company operates in more than 40 countries including the U.S., Canada, Brazil, Angola and Pakistan.
“This property offered the crane capacity ProEnergy Services was looking for and additional acreage for room to expand in the future,” Nicholas said.
Situated on approximately 8.5 acres, the property has expansion potential of 100,000 SF. Built in 2006, the building is equipped with two 30-ton, one 20-ton and seven 3-ton cranes.
According to JLL research, the southwest industrial submarket has emerged as an alternative to the high-demand northwest and southeast submarkets that border it.
Hines, Trammell Crow and other firms have built new industrial projects in the south/southwest in recent years.
With access to U.S. 90 A, the Beltway 8 and U.S. Highway 288, the southwest has seen a steady stream of activity from both flex and rear-load users over the last several quarters. As a result, the submarket recorded 322,382 SF of absorption in the first half of 2017.
In many ways, calling this submarket “the southwest” is a misnomer because it is east of the Southwest Freeway. It might be more accurate to call the submarket “The South.”
The ProEnergy Services location, for example, is basically due south of West University Place, an Inner Loop community not far from Rice University and the Texas Medical Center.