NAI Partners Negotiates Lease Renewal for 91,000 SF Industrial Property In Jacinto City, TX
NAI Partners has arranged a 91,000-square-foot industrial lease renewal for PK Industrial LLC, at 4800 Fidelity Street in Jacinto City, TX. PK Industrial is a leading provider of passive ﬁreprooﬁng systems, industrial coatings, and tank linings for the oil, gas, petrochemical, aerospace, and commercial & manufacturing industries.
According to a NAI Partner report on the Houston Industrial market for the first two months of the year, the market has recorded 7.5 million square feet of leasing activity, comprised of new leases and renewals, while net absorption (move-ins minus move-outs) is at 3.3 million square feet, up 340% year-over-year from the slower 751,000-square-foot start in 2021.
NAI Partners’ Chris Caudill represented the tenant in the transaction. Eric Hughes with Centermark Commercial Real Estate represented the Landlord.
Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.