Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-In a straight-up renewal, Kinder Morgan Texas Terminals LP is holding fast to two buildings, totaling 87,750 sf, just a few miles west of the Port of Houston’s ship channel. The three-year tenant inked a second medium-term lease for the industrial space, waiving an upgrade package.

The Houston-based Kinder Morgan division occupies 8825 and 8827 Mississippi St., a warehouse and manufacturing combo positioned on 4.5 acres. The grade-level buildings are 33,975 sf and 53,856 sf, with clear heights from 16 feet to 30 feet.

“Our buildings in the ship channel area, especially this size, are extremely tight,” B. Kelley Parker III, executive vice president for Cushman & Wakefield of Texas Inc., tells GlobeSt.com. “This is a ‘plain Jane’ renewal.” The complex’s owner, led by trustee Don L. Tuffli, also has the next-door building and it too is fully leased, according to Parker.

The C&W team for Kinder Morgan’s direct deal included senior director John F. Littman, Coe Parker and Jon Farris. Comparable space in the submarket is tagged at 30 cents per sf to 35 per sf, gross.

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.