STATS International Leases 88601 Square Feet Industrial Space At 6401 North Eldridge Parkway In Houston

The asset involved in this transaction is an industrial property located at 6401 North Eldridge Parkway Building U in Houston, encompassing a total square footage of 88,601. The lease pertains to an industrial space particularly suited for oilfield equipment operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 6401 North Eldridge Parkway Bldg U
• Market: Houston
• Landlord: Brennan Investment Group
• Tenant: STATS International
• Landlord's Representatives: John Ferruzzo & Jack Ferruzzo - KBC Advisors; Ryan Wasaff & Cole Bercher - Welcome Group
• Tenant's Representatives: Anthony Squillante & Drew Coupe - Avison Young

A full-building lease for 88,601 square feet was negotiated by Avison Young for tenant STATS International, indicating a relocation within northwest Houston. The landlord representation included Brennan Investment Group, KBC Advisors, and Welcome Group. The tenant is expected to occupy the crane-served facility in approximately 45 days amid a tight supply situation within the market.