Lee & Associates – Houston represented Intercontinental Crossing, LP in the sale of 2.0 acres at 0 Intercontinental Crossing in Houston, Texas. Robert McGee, SIOR, and Thomas Leger, SIOR of Lee & Associates – Houston represented the seller, and Edward Burrer with Beltway Properties, Inc. represented the buyer, Wakim Properties, LP. Lee & Associates – Houston represented Industrial Specialists, LLC in the sale of a 20,954 SF office building at 2309 West Mulberry Street in Angleton, Texas….
Rising Construction Costs Cause Ripple in CRE Office Sector’s Lease Term Length
Written by Robert LaCoure, Principal at Lee & Associates – Houston The commercial real estate market is complex and has many caveats that go unnoticed by most; however, those minute details change the fundamentals for every single transaction. Since the last oil boom in Houston during 2012-2014, we have seen construction prices on the rise. During that time, the demand was so tremendous that subcontractors were naming their price just to get the attention of…
Houston Office Tenants Want to Trade-Up
Written by Rob Johnson, Principal at Lee & Associates – Houston Often referred to as moving-up, trading-up or flight to quality, many office tenants in Houston are taking advantage of the current market conditions to move into nicer office space. Some things change, and some things remain the same. Offices are generally located in areas convenient for the decision makers of the organization – this has not changed. What has changed is that offices are…
Lee & Associates Expands Stewart Title Insurance Company Footprint in New York
Lee NYC’s Salzman & Lee Houston’s LaCoure negotiate leases for 21,617 square feet at 60 East 42nd Street and 140 East 45th Street NEW YORK (November 13, 2018) – Kenneth Salzman, Executive Managing Director/Principal of Lee NYC, and Robert LaCoure, Principal, of Lee Houston have negotiated two 10-year leases for 5,267 and 16,350 square feet of space at 60 East 42nd Street and 140 East 45th Street, respectively, for the offices of Stewart Title Insurance…
Why is Houston executing bigger deals than it has in the past?
Written by C.E. “Trey” Erwin III, Senior Director at Lee & Associates – Houston In recent years, Houston has become known to many as the major distribution hub of the south. Companies such as Amazon, Best Buy, Ikea, Wal-Mart, Home Depot and Ford have looked to Houston for large distribution center locations due to its vast land area and its ability to house larger square footage facilities. While there are many factors that attribute to…
Lee & Associates – Houston: WeekLee Transactions
Reed Vestal, SIOR, CCIM, Taylor Schmidt, SIOR, CCIM, and John Erck of Lee & Associates – Houston represented an undisclosed buyer in the purchase of 10.0 acres of land off FM 529 near Katy Hockley Cutoff Road in Katy, Texas. Amy Silvey with Clay & Company represented the seller, FM 529 Cut Off, Ltd. Lee & Associates – Houston represented an undisclosed owner in the sale of a 30,194-square-foot industrial space at 3815 Hollister Road…
Lee & Associates – Houston Promotes Rob Johnson to Principal
October 15, 2018 (HOUSTON) – Lee & Associates – Houston, a nationwide leader in commercial real estate services, announces the promotion of Rob Johnson from director to principal. “Rob’s unique approach to real estate allows him to provide tailored solutions that are beneficial to his clients’ core business needs, which sets him apart from his peers,” said Chris Lewis, managing principal. “He’s a well-respected, industry leader in the Houston commercial real estate community and we’re…
Lee & Associates – Houston: WeekLee Transactions
Lee & Associates – Houston represented Core Lumber & Rebar in the sale of 9.42 acres at 0 Bammel Road in Houston, Texas. Thomas Leger, SIOR, and Robert McGee, SIOR of Lee & Associates – Houston represented the buyer, and Richard Quarles, CCIM with JLL represented the seller, Vigavi Realty, LLC. Lee & Associates – Houston represented GSTPCT Investments, LLC in the sale of a 22,738-square-foot industrial space at 5999 West 34th Street in Houston,…
Lee & Associates – Houston: WeekLee Transactions
Lee & Associates – Houston represented Admiral Glass Company in the sale of a 211,086-square-foot heavy manufacturing building at 12218 Robin Boulevard in Houston, Texas. Justin Tunnell of Lee & Associates – Houston represented the seller, and Joseph Berwick & Richard Quarles, CCIM with JLL (Houston) represented the buyer, IFP-II, LLC. Lee & Associates – Houston represented Lease Builders, LLC in the lease renewal of a 12,600-square-foot industrial space at 9917 & 9919 Tanner Road…