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Ashley Furniture Expands into 303,000 SF

HOUSTON-Ashley Furniture has inked a long-term lease for 303,000 square feet within Panattoni Development Co.'s first phase of Airtex Industrial Center.

By Jennifer Duell Popovec | Updated on April 15, 2010

HOUSTON-Ashley Furniture has inked a long-term lease for 303,000 square feet within Panattoni Development Co.’s first phase of Airtex Industrial Center. The furniture retailer will move into its new space at 14810 North Freeway in early summer.

The lease is both an expansion and relocation for Ashley Furniture, according to Walker Barnett, a senior vice president with Colliers International’s local office. He and Gary Mabray handle the marketing of Airtex Industrial Center, while Justin Bennett represented Panattoni in all lease negotiations. Jeff Venghaus and Ryan Fuselier of Jones Lang LaSalle represented Ashley Furniture.

Barnett tells GlobeSt. that Ashley Furniture will relocate from the Sugar Land area and combine warehouse and distribution for their southeast Texas stores into the new facility. The company will also have a retail clearance center in the building’s frontage along Airtex.

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