Drilling Tools International Leases 16,988 Square Feet From Franklin Street Properties In Houston

The property involved in this transaction is located at 10370 Richmond Avenue in Houston, Texas. It consists of office space totaling 16,988 square feet. The property is part of The Towers at Westchase and is owned by Franklin Street Properties. The lease agreement is classified as a NNN Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Asset Square Footage: 16,988 SF
• Address: 10370 Richmond Avenue
• Market: Houston
• Landlord: Franklin Street Properties
• Tenant: Drilling Tools International
• Landlord's Representative: Brad Fricks & Matthew Seliger - Stream Realty Partners
• Tenant's Representative: Peyton Poynter - Park Realty
• Lease Type: NNN Lease

The key individuals involved in the transaction include Peyton Poynter, who represented Drilling Tools International, a provider of downhole tools for land and offshore drilling markets, and Brad Fricks and Matthew Seliger, who represented the landlord, Franklin Street Properties. This lease marks the establishment of a new headquarters for Drilling Tools International in Houston, Texas.