Commercial Real Estate News Releases From Avison Young
Search our commercial real estate news and announcements.
Avison Young negotiates full-building, 156,726-sf industrial lease on behalf of Chempak International in Stafford, TX2 Sep 2021
Houston, TX – Avison Young announced today it has negotiated a long-term, full-building, 156,726 square-foot industrial lease on behalf of Chempak International. Situated on 19.2 acres, the facility is located at 10421 Mula Road in Stafford, TX.
Avison Young Principal Anthony Squillante, and Vice Presidents Drew Coupe and Josh Morrow who are out of the firm’s Houston office, represented Chempak International, a Houston-based logistics company specializing in toll processing, chemical packaging, product distribution, warehousing, transportation, bulk and rail terminal service. The landlord Crow Holdings Industrial was represented by Walter Menuet, Barkley Peschel, and Jason Scholtz of Colliers International.
“10421 Mula Road was ideal for Chempak given its location adjacent to one of its other facilities as well as the advantageous tax structure that the City of Stafford offers,” said Squillante.
“Chempak chose to move a portion of its operations to Fort Bend County for the tax advantages afforded to both inbound and outbound inventory,” added Coupe.The new construction Class A property offers 122 parking spaces, includes a small office space and is within Weatherford Farms Industrial Park. Chempak will begin move-in early 2022.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for ten consecutive years.