Search
 

Houston Deal Makers Stamp 403,200-SF Lease

HOUSTON-Goodman Manufacturing is the 2002 star so far in Houston by signing the largest lease to date in the region. The HVAC manufacturer will roll two sites into one at ProLogis Park Jersey Village, adding 100,000 sf overall to its total.

By Joel Cone | Updated on April 02, 2002

HOUSTON-Goodman Manufacturing, one of the nation’s largest manufacturers of HVAC equipment and parts, has signed a five-year lease with Denver-based ProLogis Trust. The firm is rolling two sites into 403,200 sf and picking up 100,000 sf in the process, according to Daryl Mechem, ProLogis’ first vice president in Houston.

The concrete tilt-up structure is located in the ProLogis Park Jersey Village at US Highway 290 and Sam Houston Tollway. “This is probably the biggest lease transaction in the Houston area this year,” Mechem tells GlobeSt.com. “Because Goodman is already a customer of ours in San Antonio, we used that lease as a template to expedite the transaction and allow Goodman to take occupancy quickly. We spent probably less than a hour on the lease document itself.”

Use of an existing customer’s lease agreement with the company as a model for future agreements is a distinguishing feature of how ProLogis, an international provider of distribution facilities, does business. By doing so, ProLogis allows customers to transfer a lease agreement from one property or market to another in order to serve needs for space more effectively and efficiently.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.