HOUSTON – (Realty News Report) – United Equities has signed leases for Phase 1 of its new Beltway-225 Business Park along Beltway 8 in Pasadena.
“There has been ongoing demand for high-end industrial product in Houston,” said Doug Freedman, Vice President, United Equities. “We’re proud to deliver spec developments with all of the features and amenities today’s premier industrial tenants are looking for.”
The Houston-based firm is preparing to break ground on the project’s second phase, which will include two tilt-wall buildings, a 22,000-SF building at 826 E Sam Houston Parkway S; and the 24,000-SF building at 830 E Sam Houston Parkway S.
The first two completed industrial buildings, equipped with 10-ton cranes, have been leased to single tenant users. PTR Holland signed for 18,5000-SF lease. Cooper Valves leased 21,000 SF.
NAI Partners’ Travis Land and Michael Keegan represented United Equities in the two transactions. Cooper Valves was represented by Taylor Scheps with Newmark Knight Frank.
Some of United Equities other recent notable industrial transactions include the development and sale of the 124,000-SF Harms Road Business Park; an 83,500-SF spec development at Satsuma Station Industrial Park; and the purchase of a 16-acre development tract on East Beltway 8.