COE Distributing and OfficeSource Select Houston as Their New Home in Texas

10/14/19

JMJS Inc. dba COE Distributing, a nationwide wholesale distributor of office furniture, has chosen Houston as their new home in the state of Texas.

The office furniture distributor signed a 251,754 square foot lease at Highland Grove Industrial Park located at 10620 Telge Road, Houston, Texas 77095. The property landlord, CRP/CHI Randalls Owner, LP was represented by Cory Driskill and Travis Covington of Crow Holdings Industrial and Faron Wiley of CBRE. John Parsley, SIOR, principal and director, Barrett Gibson, principal and Jason English, vice president of Colliers International represented COE Distributing in the transaction.

As a third-generation family-owned company, COE Distributing has grown exponentially. With warehouse space in Pennsylvania and their second distribution center in North Carolina, they are expanding their distribution footprint in Texas to better serve the clients in this region.

“While seeking to expand in the Texas region, Houston made perfect sense to us for many reasons, “J.D. Ewing, CEO | COE Distributing “We have a customer concentration, it’s a major port city and a strong workforce experienced in distribution. We are excited to strengthen our presence in Texas.”

Highland Grove Industrial Park is located in the heart of Northwest Houston. It consists of six buildings, measuring roughly one million square feet. COE Distributing will be leasing newly renovated cross dock space where the former Randalls regional distribution center used to be located. A part of the renovation was splitting the 750,000 square foot industrial distribution facility into two separate buildings. The parks location provides great transportation to Highway 290 with multiple points of ingress and egress.

“We are excited that COE Distributing chose Highland Grove to be their first Texas based distribution location. It’s encouraging to see more and more companies looking to Houston to be primary to their regional and national supply chain network. The team, Colliers International and COE Distributing were a pleasure to work with throughout the transaction and we look forward to being a part of their continued growth.” said Cory Driskill, managing director with Crow Holdings Industrial.

The Northwest Houston submarket is an ideal location to distribute to all key market places. The submarket is currently 93% leased and has 1.5 million square feet of space under construction.

“We are honored to have represented COE Distributing in this transaction. Our search began with over 30 properties, and our client chose this site in Houston because it is in a strategic location for distributing to the key Texas markets; Austin, San Antonio, and Dallas. Along with those key markets, COE Distributing and OfficeSource bring in products from all over the U.S., Malaysia, Vietnam, etc., which makes the location near the Port of Houston an ideal location for them. “said Barrett Gibson, principal of Colliers International.

As a leader in the wholesale office furniture industry, COE Distributing has taken an extra step to satisfy their customers by introducing their private label, OfficeSource, which focuses on forward-thinking products for today’s work environment. From the high-end executive office to a small office tucked in the corner of a home, they provide modern, sleek, comfortable, and efficient furniture options that will meet any budget.

To learn more about COE Distributing and OfficeSource, visit: www.coedistributing.com and www.officesourcefurniture.com

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

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