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Cushman & Wakefield Selected to Market Industrial Development in Northwest Houston
Cushman & Wakefield has been selected to market the new development Fairbanks Northwest Distribution Center, which is located at 7810 Fairbanks North Houston Road in Houston. Jim Foreman and Allison Bergman of Cushman & Wakefield are representing the landlord, Triten Real Estate Partners, in oversight of leasing efforts.
“Triten is planning a new Industrial Development in an infill location to meet the increased demand for dock-high distribution space in a tight warehouse market in Houston,” said Foreman. “The buildings are designed for one or two tenants and can accommodate heavy car parking and fulfill the rapidly growing increase in need for trailer parking as well.”
As the firm reported for Q1, the Houston market’s overall industrial vacancy rate fell to 7.3%, a 110-basis point decrease compared to 8.4% in the previous quarter. These two bulk distribution facilities are strategically located in the most dynamic submarket in Houston, according to Will Hedges, managing partner at Triten Real Estate Partners.
- ◦Lease