Industrial Outdoor Storage (IOS) has seen dramatic growth in the past three years and is now estimated to be a $200-billion asset class. Primarily used for truck terminals, trailer storage, container storage, pallet storage and construction or heavy equipment yards, the market saw a huge boom during the pandemic as e-commerce exploded. Even with the pandemic slowing down, e-commerce continues to grow. Here are seven features to consider before developing your next IOS project. Location,…
Seven Stand-Out Features to Consider When Speculating on Your Next Industrial Outdoor Storage Development
Lee & Associates – Houston Nabs Galleria Park I and II Leasing Assignment
March 1, 2023 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces another office leasing assignment in the Galleria area, at Galleria Park I and II, 5251 and 5333 Westheimer. The roughly 400,000 square feet of Class A office and retail space was purchased at a low-cost basis, allowing the landlord the ability to position rental rates lower than its competition. Galleria Park I and II are poised…
Two Female Powerhouses Join Fast Growing Lee & Associates – Houston Office
February 9, 2023 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces Katie Smith and Mary Doetterl have joined its growing team. Smith will serve as Marketing Manager and will oversee the strategic marketing efforts of the Houston office. As Industrial Research Manager, Doetterl is tasked with the market research efforts; capturing trends and insights into the greater Houston area’s industrial commercial real estate transactions. “Katie and Mary…
Westside 10 Industrial Park Comes On The Market
January 27, 2023 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces more than 167,000 square feet of space available at 814 FM 1489 in Brookshire, Texas. Robert McGee, SIOR, principal, Taylor Schmidt, SIOR, CCIM, principal, and Austin Bartula, associate, are managing the leasing of the building. Growth Capital Partners (GCP), the Birmingham-based private real estate investment company, and Houston-based developer Phelan-Bennett completed Westside 10 Industrial Park for…
Successfully Investing in Real Estate Requires a Qualified Property Manager
By definition, property managers set appropriate rental rates, look after tenants, coordinate with construction management in repairs and build outs, and serve as the middleman between building ownership and its tenants. As owners and investors in buildings have evolved, so to have the responsibilities and expectations of a property manager. In years’ past, an attorney or doctor might look to acquire the building its practice is in as a means of retirement income. Today, with…
Lee & Associates – Houston Partners with Level X Group to Lease Iconic Galleria Building
Prime location and ample opportunities at 2100 West Loop South. October 2022 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, and Level X Group, LLC (LXG), a full-service private equity and real estate development firm, are pleased to announce new leasing opportunities at the 16-story property, 2100 West Loop South. With 59,256 square feet available, the prime location between San Felipe and Westheimer offers future tenants easy on…
35 South Capital and Lee & Associates – Houston Announce Joint Venture on Houston’s Booming West Side
July 27, 2022 (HOUSTON) – 35 South Capital and Lee & Associates – Houston have announced the acquisition of 10497 Town and Country Way, a 150,000-square-foot Class A office building on Houston’s west side less than a quarter mile from the bustling Memorial City and CityCentre mixed-use districts. The property will house both companies, with Lee & Associates – Houston overseeing the leasing and property management. Both 35 South Capital and Lee & Associates –…
Recession Proofing Your CRE Portfolio
With the Fed recently approving an interest rate increase of 0.75 and more increases expected this year in an effort to tamp down inflation, all signs would indicate that the US economy is headed for a recession. In fact, some would argue that we are already in a recession based on the fact that the negative gross domestic product reported during the second quarter, by definition, indicates a recession is in place (two consecutive quarters…