Houston Industrial Team


HoustonIndustrialTeam

Colliers International’s industrial real estate professionals bring specialized knowledge to their area of focus, whether that is in-depth knowledge of a defined geographic area or expertise in a sub-type of industrial property.
 
Warehousing and distribution space focuses on storing, sorting and moving products between destinations. Our professionals can provide distance analysis to help you evaluate the total cost of occupancy. Flex industrial space typically includes a mix of office and industrial uses, and is often found clustered in single-story industrial parks. Research labs, tech/telecom facilities and small-scale distribution businesses are among the typical tenants. Our experts can help you select optimal space that serves both your office and industrial needs, including configuring client/customer space, back office support space and storage/display areas. Manufacturing space runs the gamut from simple space in flex parks to heavy industrial requirements. Our experts help you gather and evaluate information on power and utilities, municipal regulations on waste and noise, and business incentives to make the optimal choice for your facility.

Our team

Our services

Colliers International’s industrial real estate professionals bring specialized knowledge to their area of focus, whether that is in-depth knowledge of a defined geographic area or expertise in a sub-type of industrial property.
 
Warehousing and distribution space focuses on storing, sorting and moving products between destinations. Our professionals can provide distance analysis to help you evaluate the total cost of occupancy. What might seem like a good deal when measured by price per square foot might actually drain your company’s resources when measured by the miles it costs to reach your suppliers, vendors and distribute your goods. Additionally, we are keenly aware of the advances in distribution building technology, from robotics to enhanced clear heights and cross-docking capabilities. We can help you test a building’s current and future capabilities to guard against functional obsolescence.

Flex industrial space typically includes a mix of office and industrial uses, and is often found clustered in single-story industrial parks. Research labs, tech/telecom facilities and small-scale distribution businesses are among the typical tenants. Our experts can help you select optimal space that serves both your office and industrial needs, including configuring client/customer space, back office support space and storage/display areas. Careful attention to the lease contract for both landlords and tenants can provide good tenant improvements while preserving long-term flexibility.

Manufacturing space runs the gamut from simple space in flex parks to heavy industrial requirements. Our experts help you gather and evaluate information on power and utilities, municipal regulations on waste and noise, and business incentives to make the optimal choice for your facility. Many of our professionals cultivate in-depth knowledge of specialized manufacturing facility types such as cold storage, food facilities, clean room space or chip manufacturing. Additionally, we guide developers through build-to-suit construction to ensure the long-term success of the building investment.

We support developers, owners and occupiers to buy, sell, lease, manage, develop, renovate and value industrial space. Learn more about each of our service offerings:

  • Brokerage: landlord representation
  • Brokerage: tenant representation
  • Corporate solutions
  • Investment services
  • Project management
  • Property marketing
  • Real estate management services
  • Research services
  • Valuation and advisory services

 

 

 

 

A passion for service, a drive for results

When the Houston Industrial team thinks of great service, a few examples stand out. Whether it’s getting more than we expected, better results, or a special personal touch we identify and appreciate it when people go the extra mile.

The cornerstone for our approach to service excellence—exceeding your expectations. We do this through careful listening to uncover unexpressed needs, exceptional communication at each stage of a project and the resources and accountability to deliver. Our collaborative culture allows us to work seamlessly for a better outcome, tap resources on the other side of the office or the other side of the world and continuously learn from our clients’ feedback.

Explore our case studies to learn more about our passion for service excellence and drive for results. You might see challenges that parallel your own business needs—whatever they are, we’re ready to help.

AIC Ventures Fund -case study

AICVentures1  AICVentures2

AIC Ventures Fund is a private equity real estate fund and active buyer of corporate real estate, focused on providing capital via sale/leaseback financing to middle-market companies.

The challenge

AIC engaged Colliers to assist with the sale advisory and execution services regarding its Fund IV Portfolio comprising of eleven industrial and office assets totaling 1,380,000 square feet located across ten different states. Specific challenges for this assignment were as follows:

  • Multiple tenants with sub-investment grade credit
  • Above market rents, exceeding current market conditions
  • Some properties with environmental concerns requiring additional studies during the due diligence period
  • Several of the buildings were built-to-suit for the tenant and would be difficult to re-tenant
  • Facilities were geographically dispersed, with several located in secondary and tertiary markets
  • Defeasance of existing debt was required for certain portfolio assets
  • The properties were of various ages and physical condition, requiring an in-depth upfront understanding of the assets prior to marketing

The strategy

Colliers organized a team with comprehensive real estate, financial, legal and marketing skill sets required to develop and implement a multifaceted portfolio marketing and disposition strategy.

Colliers was able to focus a disciplined programmatic approach to the disposition, including execution of all necessary upfront due diligence, which resulted in shortening the marketing and closing time frame to just 105 days.

The results

The Colliers team utilized the full breadth of its investor relationships and local markets knowledge to achieve a $115.4 million sales price, representing a capitalization rate of 7.25%, exceeding the client's expectations of pricing and start to close timing.

"When it came time to sell our portfolio, we turned to Colliers. The team exceeded my expectations, their execution of the entire process was exceptional and was handled with a level of unparalleled professionalism. I am strongly committed to a strategic relationship with Colliers for the future." Peter S. Carlsen, President AIC Ventures

 

Cummins Inc. - case study

Cummins Inc. is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems.

CumminsCaseStudy  

The challenge

Cummins, Inc. was seeking to open a new state of the art manufacturing facility for one of their oil and gas product lines. Proximity to Houston’s airport system and incentives were two of the key components in their desired location. First, existing locations were researched and toured extensively. Ultimately, there was no product in the market that was suitable. In order to achieve the best incentive packages, sites in Harris and Montgomery Counties were researched. Initially thought to be a leased facility, Cummins decided to own. Five design-build developers were interviewed.

The strategy

  • Research market for existing product
  • Determine desired facility must be built
  • Research suitable land sites in competing taxing entities to achieve best incentives
  • Interview and select developers for BTS or design-build
  • Select developer and sire and apply for incentives
  • Negotiate purchase or lease
  • Once incentives approved, close on site

Services

Market search of existing product. Spent several weeks working with another tenant to see if their space could be modified to Cummins’ needs. When that did not materialize, commences market search of available land sites, identified 5 developers and / or contractors. Assisted in the selection of the developer. Assisted in making application for incentives with the local entities. Helped to finalize the site selection and negotiate the sale contract.

Results

Cummins entered into a contract with Clay Development for the construction of a new facility on land owned by Clay in the Kennedy Green Business Park just south of Intercontinental Airport. Heavy crane-served, climate controlled manufacturing facility for high pressure frac units. Known as the Cummins Center for Excellence.

 

Texas Industries, Inc. - case study

TexasIndustriesInc 

The challenge

TXI assigned Colliers for disposition a unique 1,100 acres of vacant land along the south side of the Westpark Toll Road between Hwy 6 and Grand Parkway in Fort Bend County.

The site had been “minded” by TXI for 30 years during which time TXI cut out the top 4 to 6 feet of soil to burn in a high temperature kill in order to produce a light weight rock for concrete and cement block.

Sale included private benefit conveyances and entitlement constraints plus the seller desired a closing time of six months.

The strategy

Colliers branded the site TerraVista Lakes and offered the property on a web based platform via “call for offers.” 

The services

Colliers co-created and co-managed the www.TerraVistaLakes.com website to market the property and distribute due diligence material to prospective qualified buyers.  This secure web site helped track buyer interest and activity, reduced due diligence time, and qualified best buyer.

The results

The sale and marketing process commenced January 6, 2006 with broad public advertising/press coverage and closed within 5 months on May 31, 2006.

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