Colliers International announces Dunavant Distribution Group is expanding into a 784,000 square foot industrial building in Bay Area Business Park located at 10629 Red Bluff Road in Pasadena, Texas. The additional space brings Dunavant Distribution Group's presence to more than one million square feet within Bay Area Business Park.

"We are excited to continue to grow and provide integrated logistics solutions for our customers with service verticals in warehouse, drayage, intermodal chassis leasing, customs clearance, NVOCC and domestic freight brokerage," said Senior Vice President Dean Bay of Dunavant Distribution Group. "We are strategically positioned near major chemical manufacturers that utilize Houston container ports, which will facilitate Dunavant's international supply chain and logistics services. We now proudly operate over one million square feet in Port Houston."

Dunavant Distribution Group is a logistics and supply chain innovator that ensures that companies' supply chain solution needs are met efficiently and effectively. While providing dedicated services to domestic and global customers, Dunavant Distribution focuses on supplying companies with logistical practices and technology.

The new 784,000 square foot industrial space is one of three buildings in Phase Three of Bay Area Business Park expansion. The completion of Phase Three makes Bay Area Business Park the largest single-owner industrial business park in Houston.

Bay Area Business Park is located in the East-Southeast Far industrial submarket, Houston's largest submarket containing close to 79 million square feet of industrial inventory. Houston's East-Southeast Far submarket is strategically located near Port Houston and Houston's Ship Channel, making the submarket logistically desirable for distribution space.

John Nicholson, SIOR of Colliers International represented the tenant, Dunavant Distribution Group in the transaction. The landlord, PEPF Red Bluff, was represented by Justin Robinson and Jeff Pate of Stream Realty.

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment.