On behalf of Wrist USA Inc., JLL today announced the firm has negotiated a 68,833-square-foot industrial renewal at East Belt Business Park, 1485 East Sam Houston Parkway in Pasadena, Texas.
JLL’s Ryan Fuselier and Travis Secor negotiated the terms on behalf of the tenant. CBRE’s Faron Wiley represented the owner, Morgan Stanley.
Based in Pasadena, Texas, Wrist USA Inc. is a general ship supplier and offers services including purchasing, consolidation, and distribution of provisions and various stores required by vessels.
“Wrist USA was thoughtful and comprehensive in evaluating possible locations for their operations,” said Fuselier. “After an extensive search, the company determined this location continues to be optimal for serving new and existing customers.”
Built in 2007, 1485 East Sam Houston Parkway is an 118,000-square-foot Class A industrial warehouse building in Houston’s southeast industrial submarket. Features of the building include cross dock configuration, 24-foot ceiling heights, frontage along East Sam Houston Parkway, ample parking and wide truck courts. In addition to its direct access to Sam Houston Parkway, it is proximate to Highway 225, the main thoroughfare to the Port of Houston.
According to JLL research, the southeast continues to be one of Houston’s most active industrial submarkets due to its proximity to the Port of Houston and the nearby petrochemical boom, which provide strategic advantages for the submarket and its users. In the first quarter of 2017, the submarket recorded more than 1.8 million square feet of positive net absorption.
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