Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-An HP vendor has expanded its lease for the second time this year, working up a new pact to take over an entire 189,467-sf warehouse in the West by Northwest Business Park and backfill space emptied by Best Buy in January.

Inventec USA Corp. had occupied 65,000 sf at 6215 West by Northwest since the building delivered five years ago. In March, the bottom line was pushed to 115,000 sf for a renewal and now it’s been upped to take the balance and bring in two northwest submarket locations under one roof, Stephen B. Schneidau in the Houston office of Cushman & Wakefield of Texas Inc. tells GlobeSt.com. He says the rental rate came close to the asking price of 34 cents per sf. The consolidation has been completed, with the tenant emptying industrial spaces along Kempwood Drive near Beltway 8.

Schneidau and C&W Houston brokers, David L. Cook, Jeff G. Peden and Marshall V. Davidson Jr. bargained the deal on behalf of the building owner, Minnetonka, MN-based OPUS Corp. Michael Palmer and Ron McWherter, both in CB Richard Ellis Inc.’s Houston office, represented the Taiwan-headquartered Inventec, which uses the location for final configuration and servicing of PC-related products.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.