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Weatherford Leases 125,120 SF Distribution Building In North Houston

Property Image
LEASED
Craig Bean
John Ferruzzo
+ 2

Texas

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Industrial125,120 SF
Leased 08/22/2023
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Property Image
LEASED

Weatherford Leases 125,120 SF Distribution Building In North Houston

15450 Diplomatic Plaza Dr Houston, Tx 77032, Usa

See Similar Deals
Industrial125,120 SF
Leased 08/22/2023
Craig Bean
John Ferruzzo
+ 2
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:125,120 SF
Transaction Type:Lease

Global energy services company Weatherford International has leased a 125,120-square-foot distribution building located at 15450 Diplomatic Plaza Drive in North Houston. This lease allows Weatherford International to consolidate its Houston locations and aligns with the area's robust demand for distribution space and ongoing industrial developments.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 15450 Diplomatic Plaza Drive, North Houston
  • Market: North Houston
  • Square Footage: 125,120

The landlord of the property is Everwood Real Estate Partners, represented by William Peeples. Weatherford International, the tenant, was represented by Jim Stark and Wyatt McCulloch from CBRE. John Ferruzzo, Craig Bean, and Nick Peterson from Transwestern Real Estate Services acted as the landlord's representatives in the lease deal.

Players

John Ferruzzo
16 deals
BROKER

Craig Bean
Transwestern
5 deals
BROKER

James "Jim" Stark
CBRE
3 deals$1.1M volume
BROKER

Nick Peterson
Transwestern
8 deals$9.4M volume(561) 818-5388
BROKER

Details

LEASED
IMAGE: Jim Stark, Wyatt McCulloch & William Peeples DATE: 08/22/2023 ADDRESS: 15450 Diplomatic Plaza Drive MARKET: North Houston ASSET TYPE: Industrial ~ SF: 125,120 LANDLORD: Everwood Real Estate Partners - William Peeples TENANT: Weatherford International LANDLORD'S REP: John Ferruzzo, Craig Bean & Nick Peterson - Transwestern Real Estate Services (@Transwestern) TENANT'S REP: Jim Stark & Wyatt McCulloch - CBRE (@CBRE) NOTE: Global energy services company Weatherford International has leased a 125,120-square-foot distribution building in North Houston to consolidate its Houston locations. The move aligns with the area's robust demand for distribution space and ongoing industrial developments.

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Deal Type
Effective Rent (Annual)

$7,171,802.90

Total Lease Value

$71,718,028.97

Net Landlord Cash Flow$7,171,802.90