JLL Arranges NW Houston Industrial Lease Renewal
LSI Industries Inc. extended its lease at Prologis Park–West by Northwest, in a transaction represented by JLL’s Executive Vice President Jeff Venghaus.
By Anca Gagiuc
Prologis Northpark, Houston
JLL has negotiated a 140,695-square-foot industrial lease renewal at Prologis Park–West by Northwest, 14902 Sommermeyer Street in Houston, on behalf of LSI Industries Inc., a manufacturer of LED lighting solutions.
Built in 1983, 14902 Sommermeyer Street is a 264,461-square-foot industrial building and was the second of 26 buildings completed within Prologis’ West by Northwest industrial park. The asset features front-load dock configuration, ample parking, 24-foot clear heights and convenient access to Beltway 8 and Highway 290.
Lease facilitators
JLL’s Jeff Venghaus negotiated the terms on behalf of the tenant. Kevin Wittler of Prologis represented the landlord.
“The strategic location and existing improvements are the best features of this property,” Venghaus said in a prepared statement. “Its position is close to existing labor pools and main transportation corridors. The space continues to serve the business operations of LSI Industries Inc. very well.”
According to a JLL industrial report, the northwest region maintains its position as one of Houston’s top performing industrial submarkets, with 996,628 square feet of positive net absorption in the first half of 2017.
Image courtesy of Prologis
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