Colliers International announces the sale of 34.3 acres in Stafford, Texas

Colliers International is pleased to announce the sale of Weatherford Farms, a 34.3 acre commercial property located at 13223 Murphy Road in Stafford, Texas. The buyer, Crow Holdings Industrial, was represented by Cory Driskill and Travis Covington also of Crow Holdings Industrial. Barkley Peschel and Jason Scholtz of Colliers International represented the seller in the transaction.

Crow Holdings Industrial plans to build a 568,084 square foot, three building industrial development on the site. Weatherford Farms features extensive road frontage along both FM 1092 and Mula Road and will provide an excellent location for industrial distribution or flex space. The project is planned to be delivered Fall 2021.

"Stafford’s strategic location and advantageous tax structure along with their pro-business approach create a strong driver for business. The Weatherford Farms site being centrally located along FM 1092 between Highway 59 and Highway 90 provides great connectivity to major population and business centers as well as high visibility along a major thoroughfare," said Managing Director of Crow Holdings, Cory Driskill. "This makes for an attractive location for us to develop state of the art office warehouse buildings to serve those businesses. We appreciate the support of the Weatherford family and the City of Stafford, and we are excited to see this project come to fruition."

 
Weatherford Farm_rendering
 
Barkley Peschel, Jason Scholtz and Walter Menuet of Colliers International will be handling the leasing for the property.
 
"Weatherford Farms is blessed to have been a part of the Stafford community for more than 50 years," said Jack Weatherford. "The property's location is great for the developing plans and we can't wait to see what is in store. Thank you to the Colliers team for helping us through the selling process."
 
Weatherford Farm_siteplan
 
The Southwest Corridor recorded 671,700 SF square feet of positive net absorption during the first half of 2020 and is 92.4% occupied. The average quoted rental rate rose over the quarter from $8.48 per square foot to $9.39 per square foot. Approximately 3,655,000 square feet of industrial space was under construction at the close of Q2 2020 in the Southwest Corridor.

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Barkley Peschel

Senior Vice President | Houston

Houston - Sugar Land

Mr. Peschel is a multi-disciplined commercial real estate advisor with experience in tenant/buyer representation, relocation/expansion, land acquisition/disposition, and economic incentive negotiations.  He spends most of his time on industrial and land transactions, but given the Colliers network and resources, he’s involved in a variety of deal types including office and investments.  He is surrounded by experts who he partners with depending on the deal.  He stays involved in transactions to bring trust to the client. 

Barkley's clients tell him that they enjoy working with him; that they have a high degree of confidence that he can perform to help them meet their goals; and that they appreciate his resourcefulness and sense of urgency.  Barkley's background in economic development combined with the Colliers process and platform gives him a unique perspective and experience that he uses to meet his clients’ commercial real estate needs.

Barkley is consistently a top producer (Titan) in the Houston office.  In 2015, he was a Colliers' Everest Award recipient. This award is bestowed upon the top 10% of all Colliers brokerage professionals across the United States based on revenue production. 

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Jason Scholtz

Vice President | Fort Bend

Houston - Sugar Land

Jason’s primary focus is on buying, selling and leasing supply chain properties throughout the greater Houston region. Whether it’s locating additional distribution space for a growing e-commerce company, advising a client on potential relocation sites, or helping a property owner monetize an under-performing asset, Jason’s expertise and knowledge of supply chain properties ensure that his clients are making the best possible real estate decisions.  If you are considering an upcoming real estate project that involves distribution, logistics, or manufacturing, contact Jason for a complimentary advisory consultation today.   

Prior to joining Colliers, Jason held various positions of increasing responsibility with Fluor, Halliburton, and Nalco Champion. His corporate experience enabled him to lead complex projects aimed at increasing revenues, decreasing costs, and maximizing supply chain efficiencies across global networks. His experience as a corporate real estate "user" has given him a unique perspective on the proper utilization and optimization of real estate assets, thus enabling his clients to take a strategic approach to their real estate portfolios.

Jason received his Masters of Business Administration from the C.T. Bauer College of Business at the University of Houston. He also holds a Bachelor of Science in Finance and Real Estate from the University of South Carolina.

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Walter Menuet

Senior Vice President | Houston

Houston

Walter Menuet has more than 30 years of experience in commercial real estate in Houston and the surrounding areas. Walter focuses primarily on industrial real estate sale and lease transactions involving warehouses, manufacturing facilities, and land.

Walter is a 25-year veteran of the Vantage Companies, a Dallas based developer of commercial real estate. During this time, Vantage developed more than 10 million square feet of industrial properties in Houston, on which Walter served as the in-house leasing and sales broker.

Walter’s primary responsibilities at Vantage were leasing and disposition of Vantage developments as well as a portfolio of third party owned properties in the Houston area. Notable third party landlord clients included DCT Industrial, Principal, Mountain West Industrial Properties, The Carson Companies, DDR, The Meritex Companies, Core Real Estate, CMC Commercial Realty Group and American Industrial Properties. During his tenure with Vantage, Walter closed more than 500 transactions in approximately 10 million square feet of space with total transaction values of approximately $300 million.

Walter made the move to Colliers International | Houston in 2012 and has continued as an Industrial Specialist serving the needs of landlords, tenants, buyers, and sellers. Notable clients served in seven years with Colliers include Liberty Property Trust, Prologis, Crow Holdings, Inc., Mountain West Industrial Properties, The Meritex Companies, Industry Capital, Berkeley Capital, CUNA Mutual, ML Realty Partners, and The Fort Worth Foundation.

In seven years at Colliers, Walter has closed more than 7 million square feet of transactions with an aggregate value of more than $200 million. 

Walter has won the CoStar Power Broker award numerous times for leasing transaction volume and has been named an industrial brokerage Heavy Hitter by the Houston Business Journal. In 2017, Walter was on the landlord team for the NAIOP Industrial Deal of the Year and was named to Colliers’ Everest Club as a national top 10% producer.

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