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Cyle Manufacturer Revs Up Expansion

HOUSTON-The US sales division of Kazuma Cycles goes from 2,700 sf to 11,250 sf after ProLogis rips up an existing lease and replaces it with a medium-term pact to speed a relocation to a building in the northwest submarket.

By Jennifer Brenner Andrade | Updated on January 09, 2004

HOUSTON-Kazuma Cycles has expanded the sales department with a move into 11,520 sf of industrial space at Post Oak Distribution Center 1 after ProLogis Realty Trust tears up a lease for less space and replaces it with a medium-term pact with room to grow in the northwest submarket.

The 1233 N. Post Oak Rd. location will house the US sales team for the Australian company’s line of ATVs, scooters and motor bikes. The group was six months into a lease for 2,700 sf at 3432 Yale St. when it decided to expand, Ace Schlameus with the Houston office of Grubb & Ellis Co., tells GlobeSt.com. He says Denver-based ProLogis agreed to rip up the smaller lease and replace it with a medium-term contract for a corner of a 57,600-sf building that now has just 3,500 sf left to fill. The building’s quoted rate is 38 cents per sf. ProLogis had in-house broker, Jeremy Giles, do its bargaining.

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