Paramount Transportation Services Extends Industrial Lease At World Houston Parkway, Houston

Freight and logistics firm Paramount Transportation Services has extended its industrial lease to 64,576 square feet at 4220 World Houston Parkway in downtown Houston. The property is owned by EastGroup Properties and the lease negotiations were handled by Newmark on behalf of the tenant.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: N/A
• Square Footage: 64,576 SF
• Address: 4220 World Houston Parkway
• Market: Houston

The landlord, EastGroup Properties, is represented by Donald F. Colleran. The tenant, Paramount Transportation Services, is represented by Jay Magness, Joshua Brown, and Kaitlyn Duffie of Newmark.

NOTE: The lease negotiations were facilitated by InSite Realty Partners on behalf of the landlord, EastGroup Properties.