(For more retail coverage, click GlobeSt.com/RETAIL.)

HOUSTON-Ferguson Xpress will open a second location in the region, signing a five-year lease for a 3,000-sf spot in the recently renovated Bingle Crossing in the northwest submarket.

Headquartered in Newport News, VA, Ferguson Xpress will open the new store at 12708 Northwest Freeway toward the end of this quarter. “The new location is in close proximity to a Home Depot and it’s a big renovation area,” tenant representative, Shawn Ackerman with Henry S. Miller Commercial in Houston, tells GlobeSt.com. “Most of their customers are contractors. Most of the contractors are in the area because there are a lot of older homes there.”

Ackerman says Ferguson Xpress has no plans to lease more shop space in the area at this time. “They’ll do one or two deals a year,” he says. “It’s a slow expansion, but a crafty one.” The first store opened in fall 2005 in Kirkwood Shopping Center at 12100 Westheimer Rd. in West Houston.

The retail space was quoted at $21 per sf, plus net, while tenant improvement packages are offered at $15 per sf. Mark Sondock with NewQuest Properties of Houston represented the local building owner, A-S 76 Hwy 290-Bingle LP.

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?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2024 ALM Global, LLC. All Rights Reserved.