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Evoqua Water Technologies Leases 107000 Square Feet From EastGroup Properties In Houston

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LEASED

Texas

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Industrial107,000 SF
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LEASED

Evoqua Water Technologies Leases 107000 Square Feet From EastGroup Properties In Houston

15414 International Plaza Dr, Houston...

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Industrial107,000 SF
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:107,000 SF
Transaction Type:Lease

The property involved in this transaction is located at 15414 International Plaza Drive in Houston. It encompasses a total of 107,000 square feet of industrial space, built in 1999. The facility features 24-foot clear heights, 22 dock-high doors, and 16,000 square feet of office space. Evoqua Water Technologies, previously occupying approximately 45,000 square feet within the park, will consolidate three Houston-area locations into this expanded space by the fourth quarter.

Summary of transaction details:

The key individuals involved in the lease negotiations for this transaction include David Buescher and Geoff Perrott, who represented Evoqua Water Technologies, while Logan Greer represented EastGroup Properties. This lease expansion reflects Evoqua's strategic move to centralize its operations within Houston.

Players

David Buescher
8 deals$170.5K volume
BROKER

Logan Greer
Insight Realty Group
2 deals
BROKER

Geoff Perrott
JLL
6 deals
BROKER

CenterPoint Properties
BROKERAGE

Details

LEASED
IMAGE: 15414 International Plaza Dr, Houston... MARKET: Houston TENANT'S REP: David Buescher, Geoff Perrott -JLL LANDLORD'S REP: Logan Greer -Insight Realty Group TENANT: Evoqua Water Technologies LANDLORD: EastGroup Properties SQUARE FEET: 107000

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Deal Type
Effective Rent (Annual)

$6,133,175.43

Total Lease Value

$61,331,754.32

Net Landlord Cash Flow$6,133,175.43