Texas + Retail | March 9, 2021

New Lease at Waypoint Business Park Encompasses Building 1

AZ Partsmaster recently leased 68,342 square feet in Waypoint Business Park located at 411 Cravens Rd. in Missouri City. AZ Partsmaster will occupy Building 1 of Waypoint Business Park and continue to expand its market share in Texas with locations in Houston, New Braunfels (serving Austin and San Antonio) and Garland (serving greater Dallas and Fort Worth). This is AZ Partsmaster’s third Texas location.

Waypoint Business Park encompasses four buildings totaling 708,944 square feet in southwest Houston with ingress/egress to Beltway 8 and Highway 90, and S Gessner Road via Cravens Road. The project is within the Southwest Corridor consisting of 25.3 million square feet in 628 buildings. The submarket is 88 percent occupied, with approximately half a million square feet under construction.

The landlord, 4M Investments and Clarion Partners, was represented by Justin Robinson, Matteson Hamilton and Woody Hillyer of Stream Realty. Payson MacWilliam, Jon Lindenberger and Paul Dominique of Colliers International represented the tenant in the transaction.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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