X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

HOUSTON-TransCore Ltd., headquartered in Pennsylvania, has signed a five-year, 8,500-sf lease to become the first tenant in a one-year-old industrial/flex building. The property is located at 2801 W. Sam Houston Pkwy. North.

According to Darren O’Conor of NAI Houston, who represented the landlord, South Hills Plaza, LLC, the quoted annual lease rate is $12 per sf with $18 per sf for TIs. “We’re in the process of making improvements on the building now, with tenant move-in anticipated almost any time,” O’Conor tells GlobeSt.com.

The property was vacant prior to the TransCore transaction, and other tenants are being sought after. “We’re working with other tenants on who can take the remainder of the space,” O’Conor says, adding that no lease has been signed at this time.

Bruce Rutherford and Anna Schinas of Jones Lang LaSalle in Houston represented the tenant, which is currently located at 10333 Harwin Dr. TransCore is best known for its toll tag and other transportation management systems, and the Houston division manufactures magnetic strips for toll tags and similar devices.

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?

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.