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HOUSTON-Ozburn-Hessey Logistics LLC is expanding its area presence through a mid-term lease at the 198,880-square-foot ProLogis NorthPark Building 8. The third-party logistics company will move into its 147,122 square feet distribution space within the next few months.

Ozburn-Hessey is the second tenant in building 8, which was completed in April 2008 at 713 Northpark Central Dr. Also sharing the premises is Anna’s Linens, which signed a lease for 51,758 square feet during summer 2008. The Brentwood, TN-headquartered Ozburn-Hessey currently operates out of a facility at 11503 State Highway 225 in LaPorte, TX.

ProLogis NorthPark is a four-building, 531,400-square-foot, 68-acre complex on Houston’s far north submarket. Other tenants are Proinlosa Energy Corp., Cyclone Enterprises Inc. sand Labrada Nutrition.

The lease pushes ProLogis’ 11-million-square-foot portfolio to an occupancy of 99%. Though space is almost leased up, and though NorthPark was originally slated for 1.2-million square feet, a spokeswoman with Denver, CO-based ProLogis tells GlobeSt.com that construction has been put on hold. There are no plans to sell any of its Houston assets.

She says ProLogis is examining ways to enhance its assets both in Houston and worldwide, with the installation of solar panels being one consideration. Otherwise, “we’re just focused on leasing up all of our space,” she comments.

“The outlook on Houston’s economy is uncertain due to national influences and depressed energy prices, but so far, fundamentals of the industrial real estate market have remained comparatively stable through the economic downturn,” added Ross Matthews, first vice president and market officer for ProLogis in Houston in a statement via e-mail. “We are still experiencing a steady level of interest from both new and existing customers for industrial warehouse space throughout the market as our customers look to meet their local distribution needs.” Matthews was tied up in meetings and unavailable for a telephone interview.

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