Colliers is pleased to announce AZ Partsmaster has leased 68,342 square feet in Waypoint Business Park located at 411 Cravens Road in Missouri City, Texas. The landlord, 4M Investments and Clarion Partners, was represented by Justin Robinson, Matteson Hamilton and Woody Hillyer of Stream Realty. Payson MacWilliam, Jon Lindenberger and Paul Dominique of Colliers represented the tenant in the transaction.

AZ Partsmaster will occupy Building 1 of Waypoint Business Park and continue to expand their market share in Texas with locations in Houston, New Braunfels (serving Austin and San Antonio), and Garland (serving greater Dallas and Fort Worth).

"We are excited to be opening our third location in Texas," said President of AZ Partsmaster, Darren Rawson. "We are focused on delivering exceptional value and service to the Multifamily Housing Market and are excited to extend our Texas operations into these new and important markets to existing clients and look forward to welcoming new clients within the Multifamily Housing Industry."

Established in 1985, AZ Partsmaster distributes maintenance supplies to the Multifamily Housing Industry. They are committed to serving their customers with dedicated resources, same-day delivery from local warehouses and an extensive range of value-added services in numerous metropolitan markets across the country.

Waypoint Business Park, encompasses four buildings totaling 708,944 square feet in southwest Houston’s Missouri City, with excellent ingress/egress to Beltway 8 and Highway 90, and S Gessner Road via Cravens Road. The project is within the Southwest Corridor, consisting of 25.3 million square feet in 628 buildings. The submarket is 88% occupied, and there are approximately half a million square feet under construction.

About Colliers

Colliers (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. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.