Colliers International is pleased to announce two new leases in Cypress Preserve Logistics Center located at 22203 and 22003 Cypress Slough Road in Houston, Texas. Source Logistics Houston will occupy 157,805 square feet in building 2 (22003) and was represented by Trace Elrod of Newmark. While Miner Material Handling leased building 3 (22203), a 16,500 square foot space and was represented by Bill Rudolf and Kyle Golding of CBRE.
Walker Barnett and Ryan Byrd of Colliers International, represented Jeffrey Davis and Jeffory L. Stringer of Davis Commercial Development, the developer/landlord in the transaction.
"We are pleased to have both of these outstanding companies in our project. As local developers we are able to move quickly and work within the companies timetable to make deals happen," said Jeff Stringer of Davis Commercial Development.
Cypress Preserve Logistics Center is a Class A industrial park featuring two 258,000 square foot institutional quality, multi-tenant buildings and two smaller owner/user, freestanding buildings. The property is located in North Houston, offering convenient access to The Woodlands, Conroe and Greater Houston along with excellent access to major thoroughfares. Developed by Davis Commercial Development, the industrial park includes state-of-the-art features, convenient trailer/passenger vehicle parking and excellent traffic flow with multiple points of ingress/egress from I-45N and the Hardy Toll Road.
Cypress Preserve Logistics Center is located in the North Hardy Toll Road industrial submarket, in the North Corridor. There are 693 industrial buildings containing 39.9 million square feet in the submarket which is currently 89% occupied.
About Davis Commercial Development, LLC
Davis Commercial Development, LLC (DCD) is a Houston-based real estate development and investment company whose principals have over 68 years of proven experience in designing, developing, leasing and managing high-quality industrial and commercial properties. DCD has taken the lead role in development or redevelopment of several million square feet of investment-grade commercial properties since 1982. DCD has an established network of tenants, clients and investors, and prides itself on the strong relationships created amongst its strategic business partners. For more information please visit www.daviscommercialdevelopment.com.
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate 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. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
