Stream’s Houston office completes what our founder Mike McVean dubs the “Stream Three Step” by selling, developing and leasing Northwest Logistics Center in a one-year time frame. Can’t wait to see what our growing Industrial team does next!
Hot weather and a hot industrial market have combined to create an unlikely real estate deal.
Goodman Manufacturing Co. has signed a five-year lease for Northwest Logistics Center, a newly developed 411,460-square-foot building by Stream Realty Partners in northwest Houston. The building is 21 miles away from parent company Daikin’s 4.1 million-square-foot Texas Technology Park, which opened last year to consolidate the Japanese company’s air conditioning, heating and cooling systems operations in North America.
“Due to the success we’ve had with the facility, it has been determined that we needed extra space for our logistics operations,” said Goodman director of communications Rex Anderson.
“It’s been very hot across the U.S.,” Anderson said. “Unfortunately, we’re getting some natural disaster business from the hurricanes in Florida and hurricanes in Texas and last year’s fires in California.”
Goodman Manufacturing will take occupancy in the fourth quarter, and ship products made in Waller to distributors across the country from the new center at 6751 N. Eldridge Parkway.
By: Katherine Feser
SOURCE: Houston Cronicle