HOUSTON– (Realty News Report) – Stream Realty Partners represented Winsupply of Houston in leasing 65,650 SF in the Cole Creek Business Park in northwest Houston.
The new facility, 8708 West Little York Road, will meet Winsupply’s need or a larger, more functional distribution facility to meet the increasing demand from their customers. Winsupply provides HVAC products.
“Winsupply’s growth as a company is a testament to the work they have done to become an industry leader,” said Heath Donica, Associate at Stream. “Their new location in Cole Creek will be a first-class facility in a premier business park within Houston’s Northwest submarket.”
The Northwest submarket—Houston’s largest industrial submarket— has been a long-time leader in warehousing and logistics because it offers access and exposure to rooftops and transportation efficiency.
More than 19 million SF of industrial space is under construction in Houston. E-commerce is credited for a lot of the growth in the industrial market, but other economic activity also has boosted the need for more warehouse space. Amazon is on a massive expansion with more than 1,000 new distribution facilities in the pipeline.
Stream Realty has been hiring a significant number of people for the industrial side of its business.
“The industrial real estate sector is growing and evolving dramatically, and Houston’s industrial market has grown and become more sophisticated as a result,” Matteson Hamilton, Managing Director and Partner with Stream Realty, said last fall.
The Cole Creek business park is located near the intersection of 290 and Beltway 8 in the heart of the Northwest submarket.
Winsupply’s Cole Creek Business Park offers the HVAC company to opportunity to expand its footprint by 30 percent, while at the same time doubling their racking capacity and tripling their loading capabilities.
“We are in a strong and emerging marketplace. Specifically, as an essential business that continues to perform at or above market expectations year-over-year,” said Jason Greagrey, President of Winsupply. “In an effort to best serve our customers, we felt this was the right time for us to invest again in our business and improve our workspace, not just for the efficiency gains of a new and larger space, but for our hard-working employees who deserve a top-notch facility with a great company like Winsupply.”
Stream Houston industrial brokers Donica and Tyler Maner represented Winsupply in the transaction, while Faron Wiley from CBRE represented the landlord, Clarion Partners.
Since 1996, Stream has grown to a staff of more than 920 real estate professionals with regional offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Greater Los Angeles, Houston, San Antonio, San Diego, and Washington, D.C. Stream completes more than $3.6 billion in real estate transactions annually and is an active investor and developer across the nation.
Jan 15, 2021 Realty News Report Copyright 2021
File: Winsupply Leases Space in NW
Caption: Cole Creek Business Park. Image courtesy Stream Realty Partners
File: (2) Stream Realty Partners. Winsupply Leases Space in NW Houston 1-15-21 Jason Greagrey, President of Winsupply. CBRE. Heath Donica. Tyler Maner