X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-After searching for new office space for more than five months, Velocity Express has signed a seven-year lease for 20,608 sf of class C office space in the Greenway Plaza submarket.

The Westport, CT-based company, which is the largest provider of same-day delivery services, will relocate the national operations group in mid-July to Corporate Plaza I at 2600 Southwest Freeway, according to Woody Miller, vice president of national driver operations for Velocity Express. The national operations group shares space with the local delivery group in a 65,000-sf office/warehouse at 8201 La Porte Freeway.

“We share a facility with 300 drivers and with 99 people in the national operations group, we are literally bursting at the seams,” Miller tells GlobeSt.com. He says the lease expired at the end of May, but the company worked out a temporary deal until the new office is ready. He says the local delivery group also plans to relocate, but its lease has yet to be signed.

According to Miller, Velocity Express was looking for office space that would improve morale and be more centrally located. “We wanted to give people a nice place to work and wanted to make it convenient for all employees, not just the ones who live in the southeast part of Houston,” he says.

Miller was assisted in the search by Ron McWherter of CB Richard Ellis Inc.’s Houston office. CBRE handles Velocity Express’ real estate needs on a national basis. “Ron helped us figure out how much space we needed per person and helped us zero in on the Greenway Plaza area,” he says.

The search focused on finding a building that could accommodate the team on one floor. Miller was close to signing a lease elsewhere, but called off the deal in the 11th hour. “Corporate Plaza initially wasn’t even considered because it couldn’t accommodate us on just one floor, but the building’s access, economics and amenity base [compelled us] to go with it rather than the other building,” he says. The firm is taking all of the third floor and part of the second story.

The 10-story, 121,812-sf building, owned by locally based Triyar Management of Texas, leases for $12 per sf to $13 per sf. The deal pushes occupancy to 50%. Ace Schlameus with Grubb & Ellis Co.’s Houston team represented Triyar in the transaction.

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
  • 1 free article* every 30 days across the ALM subscription network
  • 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 © 2021 ALM Media Properties, LLC. All Rights Reserved.