X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-An oilfield technology and consulting firm has renewed its office/warehouse space near George Bush Intercontinental Airport and a distributor of key chain breathalyzers has moved into similar space in the northern Houston suburb of the Woodlands. Together, the two deals total 11,940 sf. The exact terms of both deals were kept under wraps.

Technologies Alliance has signed a short-term renewal for its 10,440-sf of office/warehouse space at 1400 East North Belt Drive near the airport. Pollard Galipp of Cypressbrook Co. in the Woodlands represented Technologies Alliance in the lease negotiations. Gallipp that his client has been leasing space at the property for more than three years. The property is owned by the Teachers Insurance and Annuity Association of America. Will Stacy of the Holt Cos. of Houston represented the building owner. Asking rates for that area of town are between 50 and 60 cents per sf.

WNCK Inc., a locally-based distributor of key chain breathalyzers has moved from the North Belt/Greenspoint area to a 1,500-sf office/warehouse space in the Woodlands at 2407 Timberloch Dr.

According to Galipp, who represented the tenant in this deal as well, WNCK signed a long-term lease at the property. He adds that the property offered a good floor plate design for his client. Asking rates for that type of space in the Woodlands, says Galipp, runs between 85 and 90 cents per sf gross. WNCK is leasing space owned by the Woodlands Operating Co. Gerald Irons served as its internal representative in the deal.

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?

Dig Deeper

GlobeSt

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.