HOUSTON, TX – November 28, 2023 – Houston-based real estate development and strategy firm, Vault Partners, and Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, are pleased to announce that an undisclosed auto parts distributor has pre-leased the Vault Distribution Center, a Class A, 185,413-square-foot industrial property located at 13612 Furman Road in Houston, Texas.
Stream Houston Managing Director Tyler Maner and Senior Associate Woody Hillyer served as leasing agents on behalf of Vault Partners, while the tenant was represented by a third-party.
“The momentum in the reinvigorated South submarket has continued to press forward over the past year,” said Hillyer. “The activity drawn from the Southwest and Southeast regions of the city continues to grow and that is reflected by achieving a full-building pre-lease at The Vault.”
Added Maner, “Pre-leases in the Greater Houston market are few and far between, so locating the right tenant in less than eight months’ time of being awarded the project by Vault Partners is a major win in our eyes.”
Delivering in early December 2023, the Vault Distribution Center’s convenient location at the intersection of Beltway 8 and Highway 288, made it an attractive option for the New-Jersey-based auto parts company.
“We’re thrilled that an out-of-state user recognized the immense appeal of this opportunity, with its unparalleled location and state-of-the-art construction,” said Josh Tillis, Managing Director at Vault Partners. “The collaboration that occurred between all teams involved made for a seamless process from start to finish, and we couldn’t be happier with the results.”
The stand-alone rear-load warehouse sits on a little over 12 acres and offers 137 surface parking spaces, 23 trailer spots, 34 loading docks, 2 drive-in’s, ESFR sprinklers, and 32’ ceiling heights.
For additional information about Vault Distribution Center, contact Stream Houston at 713.300.0300.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,350 professionals and now completes more than $6.9 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.