JLL Negotiates 140,695 SF Industrial Lease in Northwest Houston

7/10/17

On behalf of LSI Industries Inc., JLL today announced the firm has negotiated a 140,695-square-foot industrial renewal at Prologis Park – West by Northwest, 14902 Sommermeyer Street in Houston, Texas.

JLL’s Jeff Venghaus negotiated the terms on behalf of the tenant. Kevin Wittler of Prologis represented the landlord.

Founded in 1976, LSI Industries is a leading manufacturer of LED lighting solutions. The Cincinnati, Ohio-based company has facilities in Kansas, Kentucky, New York, North Carolina, Oregon and Rhode Island as well as Ohio and Texas.

“The strategic location and existing improvements are the best features of this property,” said Venghaus. “Its position is close to existing labor pools and main transportation corridors. The space continues to serve the business operations of LSI Industries Inc. very well.”

Built in 1983, 14902 Sommermeyer Street is a 264,461-square-foot industrial building and was the second of 26 buildings constructed within Prologis’ West by Northwest industrial park. Features of the building include front-load dock configuration, ample parking, 24-foot clear heights, and immediate access to Beltway 8 and Highway 290.

According to JLL research, the northwest continues to be one of Houston’s top performing industrial submarkets, recording 996,628 square feet of positive net absorption in the first half of 2017. On a whole, Houston’s industrial market remains healthy, with an overall vacancy rate of just 5.1 percent.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

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